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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2018
Dec. 31, 2017
Assets    
Real estate, at cost $ 1,147,612 $ 1,117,429
Real estate subject to sales contracts at cost 46,262 48,234
Less accumulated depreciation (183,630) (177,546)
Total real estate 1,010,244 988,117
Notes and interest receivable:    
Performing (including $104,665 in 2018 and $99,410 in 2017 from related parties) 142,277 127,865
Less allowance for estimated losses (including $14,269 in 2018 and 2017 from related parties) (15,770) (15,770)
Total notes and interest receivable 126,507 112,095
Cash and cash equivalents 28,116 42,920
Restricted cash 64,652 45,618
Investments in unconsolidated joint ventures and investees 6,993 6,396
Receivable from related party 55,987 38,311
Other assets 56,605 63,263
Total assets 1,349,104 1,296,720
Liabilities:    
Notes and interest payable 921,461 898,750
Notes related to real estate held for sale 376 376
Notes related to real estate subject to sales contracts 1,957
Bond and interest payable 143,897 113,049
Deferred revenue (including $57,289 in 2018 and $56,887 in 2017 to related parties) 78,548 77,332
Accounts payable and other liabilities (including $9,764 in 2018 and $11,893 in 2017 to related parties) 31,655 39,373
Total liabilities 1,175,937 1,130,837
Shareholders' equity:    
Preferred stock, Series A: $2.00 par value, authorized 15,000,000 shares, issued and outstanding 1,800,614 and 2,000,614 shares in 2018 and 2017 (liquidation preference $10 per share), including 900,000 shares in 2018 and 2017 held by ARL. 1,805 2,205
Common stock, $0.01 par value, 100,000,000 shares authorized; 16,412,861 shares issued and 15,997,076 outstanding as of 2018 and 15,930,145 shares issued and 15,514,360 outstanding as of 2017, including 140,000 shares held by TCI (consolidated) in 2018 and 2017. 164 159
Treasury stock at cost; 415,785 shares in 2018 and 2017, and 140,000 shares held by TCI (consolidated) as of 2018 and 2017 (6,395) (6,395)
Paid-in capital 111,907 110,138
Retained earnings 11,161 5,967
Total American Realty Investors, Inc. shareholders' equity 118,642 112,074
Non-controlling interest 54,525 53,809
Total shareholders' equity 173,167 165,883
Total liabilities and shareholders' equity $ 1,349,104 $ 1,296,720