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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Assets    
Real estate, at cost $ 482,834 $ 469,997
Real estate subject to sales contracts at cost 6,887 7,966
Less accumulated depreciation (93,144) (90,173)
Total real estate 396,577 387,790
Notes and interest receivable (including $106,148 in 2020 and $105,524 in 2019 from related parties) 170,918 169,299
Less allowance for estimated losses (including $12,557 and $13,099 in 2020 and 2019 from related parties) (12,557) (13,099)
Total notes and interest receivable 158,361 156,200
Cash and cash equivalents 39,946 51,228
Restricted cash 28,158 32,083
Investment in VAA 53,508 59,148
Investment in other unconsolidated investees 8,623 8,507
Receivable from related party 78,779 85,996
Other assets 51,119 49,689
Total assets 815,071 830,641
Liabilities:    
Notes and interest payable 260,969 254,873
Bond and interest payable 207,832 229,722
Deferred revenue (including $24,762 in 2020 and 2019 to related parties) 24,762 24,762
Accounts payable and other liabilities (including $12,069 in 2020 and $11,817 in 2019 to related parties) 20,604 24,768
Total liabilities 514,167 534,125
Shareholders' equity:    
Preferred stock, Series A: $2.00 par value, authorized 15,000,000 shares, issued 614 and outstanding 1,800,614 in 2020 and 2019 (liquidation preference $10 per share), including 1,800,000 shares held by ARL and its subsidiaries in 2020 and 2019. 5 5
Common stock, $0.01 par value, 100,000,000 shares authorized; 16,412,861 shares issued and 15,997,076 outstanding as of 2020 and 2019, including 140,000 shares held by TCI (consolidated) in 2020 and 2019. 164 164
Treasury stock at cost; 415,785 shares in 2020 and 2019, and 140,000 shares held by TCI (consolidated) as of 2020 and 2019. (6,395) (6,395)
Paid-in capital 82,017 82,017
Retained earnings 166,654 163,708
Total American Realty Investors, Inc. shareholders' equity 242,445 239,499
Non-controlling interest 58,459 57,017
Total shareholders' equity 300,904 296,516
Total liabilities and shareholders' equity $ 815,071 $ 830,641