XML 40 R32.htm IDEA: XBRL DOCUMENT
v3.23.3

Real Estate Activity (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2023
Real Estate [Abstract] |
Schedule of the Real Estate Owned | Below is a summary of our real estate as of September 30, 2023 and December 31, 2022:
| September 30, 2023 |  | December 31, 2022
Land | $ | 108,993 |  |  | $ | 108,933 |
Building and improvements | 371,973 |  |  | 359,904 |
Tenant improvements | 17,463 |  |  | 25,611 |
Construction in progress | 68,512 |  |  | 65,427 |
Total cost | 566,941 |  |  | 559,875 |
Less accumulated depreciation | (64,910) |  |  | (66,054) |
Total real estate | $ | 502,031 |  |  | $ | 493,821 |
Schedule of Gain Loss on Sale or Write-down of Assets | Gain on sale or write-down of assets, net for the three and nine months ended September 30, 2023 and 2022 consists of the following:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Land(1) | $ | — |  |  | $ | — |  |  | $ | 188 |  |  | $ | 4,752 |
Multifamily Properties(2) | — |  |  | 1,539 |  |  | — |  |  | 11,142 |
Commercial Properties(3) | — |  |  | — |  |  | — |  |  | 890 |
Other | (32) |  |  | — |  |  | (32) |  |  | (204) |
| $ | (32) |  |  | $ | 1,539 |  |  | $ | 156 |  |  | $ | 16,580 |
(1)Includes the gain on the sale of lots related to our investment in Windmill Farms, Mercer Crossing and other land holdings. (2)On January 14, 2022, we sold Toulon, a 240 unit multifamily property in Gautier, Mississippi for $26,750, resulting in a gain on sale of $9,364. We used the proceeds to pay off the $14,740 mortgage note payable on the property and for general corporate purposes. On September 16, 2022, in connection with a sale of properties by VAA (See Note 10 - Investment in Unconsolidated Joint Ventures), we sold Sugar Mill Phase III, a 72 unit multifamily property in Baton Rouge, Louisiana for $11,800, resulting in a gain on sale of $1,871. We used the proceeds to pay off the $9,551 mortgage note payable on the property and for general corporate purposes. (3) On May 17, 2022, we sold Fruitland Park, a 6,722 square foot commercial building in Fruitland Park, Florida for $750, resulting in a gain on sale of $667. We used the proceeds for general corporate purposes.

X
- Definition Schedule Of Gain Loss On Sale Or Write-down Of Assets + References No definition available. + Details
Name: | arl_ScheduleOfGainLossOnSaleOrWriteDownOfAssetsTableTextBlock
Namespace Prefix: | arl_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_RealEstateAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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. + References No definition available. + Details
Name: | us-gaap_RealEstateInvestmentFinancialStatementsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration