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REAL ESTATE ACTIVITY (Tables)

9 Months Ended

Sep. 30, 2019

Real Estate [Abstract]

Schedule of the real estate owned

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

		September 30, 2019				December 31, 2018
Apartments		$	135,172			$	126,274
Apartments under construction			32,285				21,916
Commercial properties			228,805				224,162
Land held for development			68,190				83,641
Real estate subject to sales contract			1,626				3,149
Total real estate, at cost, less impairment			466,078				459,142
Less accumulated deprecation			(86,088	)			(78,099	)
Total real estate, net of depreciation		$	379,990			$	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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