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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Assets    
Real estate, at cost $ 455,993 $ 1,117,429
Real estate subject to sales contracts at cost 3,149 48,234
Less accumulated depreciation (78,099) (177,546)
Total real estate 381,043 988,117
Notes and interest receivable (including $105,803 in 2018 and $99,410 in 2017 from related parties) 140,327 127,865
Less allowance for estimated losses (including $14,269 in 2018 and 2017 from related parties) (14,269) (15,770)
Total notes and interest receivable 126,058 112,095
Cash and cash equivalents 36,428 33,778
Restricted cash 70,187 54,760
Investment in VAA 68,399  
Investment in other unconsolidated investees 7,602 6,396
Receivable from related party 70,377 38,311
Other assets 66,055 63,263
Total assets 826,149 1,296,720
Liabilities:    
Notes and interest payable 286,968 898,750
Notes related to real estate held for sale   376
Notes related to real estate subject to sales contracts   1,957
Bond and interest payable 158,574 113,049
Deferred revenue (including $37,416 in 2018 and $56,887 in 2017 to related parties) 33,904 77,332
Accounts payable and other liabilities (including $107 in 2018 and $11,893 in 2017 to related parties) 25,576 39,373
Total liabilities 505,022 1,130,837
Shareholders' equity:    
Preferred stock, Series A: $2.00 par value, authorized 15,000,000 shares, issued and outstanding 614 and 2,000,614 shares in 2018 and 2017 (liquidation preference $10 per share), including 1,800,000 shares held by ARL and TCI in 2018 and 900,000 shares held by ARL in 2017. 5 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 84,885 110,138
Retained earnings 179,666 5,967
Total American Realty Investors, Inc. shareholders' equity 258,325 112,074
Non-controlling interest 62,802 53,809
Total shareholders' equity 321,127 165,883
Total liabilities and shareholders' equity $ 826,149 $ 1,296,720