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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Assets    
Real estate, at cost $ 1,117,429 $ 1,017,684
Real estate subject to sales contracts at cost, net of depreciation 48,234 48,919
Less accumulated depreciation (177,546) (165,597)
Total real estate 988,117 901,006
Notes and interest receivable    
Performing (including $69,320 in 2017 and $125,799 in 2016 from related parties) 97,775 143,601
Non-Performing (including $30,090 in 2017 from related parties) 30,090  
Less allowance for estimated losses (including $14,269 in 2017 and $15,537 in 2016 from related parties) (15,770) (17,037)
Total notes and interest receivable 112,095 126,564
Cash and cash equivalents 42,920 17,522
Restricted cash 45,618 38,399
Investments in unconsolidated subsidiaries and investees 6,396 6,087
Receivable from related party 38,311 24,672
Other assets 63,263 60,659
Total assets 1,296,720 1,174,909
Liabilities:    
Notes and interest payable 898,750 845,107
Notes related to assets held for sale 376 376
Notes related to assets subject to sales contracts 1,957 5,612
Bonds and interest payable 113,049  
Deferred revenue (including $56,887 in 2017 and $70,935 in 2016 from sales to related parties) 77,332 91,380
Accounts payable and other liabilities (including $11,893 in 2017 and $10,854 in 2016 to related parties) 39,373 56,303
Total Liabilities 1,130,837 998,778
Shareholders' equity:    
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 2,205 2,205
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 159 159
Treasury stock at cost; 415,785 shares in 2017 and 2016, and 140,000 shares held by TCI (consolidated) as of 2017 and 2016 (6,395) (6,395)
Paid-in capital 110,138 111,510
Retained earnings 5,967 14,398
Total American Realty Investors, Inc. shareholders' equity 112,074 121,877
Non-controlling interest 53,809 54,254
Total equity 165,883 176,131
Total liabilities and equity $ 1,296,720 $ 1,174,909