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REAL ESTATE ACTIVITY (Tables)

6 Months Ended

Jun. 30, 2019

Real Estate [Abstract]

Schedule of the real estate owned

The following table summarizes ARL’s real estate investments as of June 30, 2019 and December 31, 2018 (dollars in thousands):

		June 30, 2019				December 31, 2018
Apartments		$	119,982			$	126,274
Apartments under construction			24,710				21,916
Commercial properties			228,206				224,162
Land held for development			77,245				83,641
Real estate subject to sales contract			1,626				3,149
Real estate held for sale			14,737				—
Total real estate, at cost, less impairment		$	466,506				459,142
Less accumulated deprecation			(83,084	)			(78,099	)
Total real estate, net of depreciation		$	383,422			$	381,043

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Tabular disclosure of nonconsolidated investments in real estate including interests in corporations, partnerships and joint ventures. Disclosures may include summarized aggregate financial statements for the real estate investments.

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