XML 42 R32.htm IDEA: XBRL DOCUMENT
v3.25.3

Real Estate Activity (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2025
Real Estate [Abstract] |
Schedule of the Real Estate Owned | Below is a summary of our real estate as of September 30, 2025 and December 31, 2024:
| September 30, 2025 |  | December 31, 2024
Land | $ | 104,316 |  |  | $ | 104,076 |
Building and improvements | 375,822 |  |  | 375,430 |
Tenant improvements | 20,136 |  |  | 16,629 |
Construction in progress | 198,985 |  |  | 140,046 |
Total cost | 699,259 |  |  | 636,181 |
Less accumulated depreciation | (87,150) |  |  | (78,793) |
Total real estate | $ | 612,109 |  |  | $ | 557,388 |
Schedule of Construction Costs | The following is a summary of construction costs incurred as of September 30, 2025:
Project |  | Units |  | Location |  | Total Project Cost |  | Costs Incurred |  | Expected Completion Date
Alera |  | 240 |  |  | Lake Wales, FL |  | $ | 55,330 |  |  | $ | 53,292 |  |  | December 2025
Bandera Ridge |  | 216 |  |  | Temple, TX |  | 49,603 |  |  | 45,232 |  |  | November 2025
Merano |  | 216 |  |  | McKinney, TX |  | 51,910 |  |  | 47,577 |  |  | November 2025
Mountain Creek |  | 234 |  |  | Dallas, TX |  | 49,971 |  |  | 5,818 |  |  | June 2027
|  | 906 |  |  |  | $ | 206,814 |  |  | $ | 151,919 |  |  |
Schedule of Gain Loss on Real Estate Transactions | Gain (loss) on real estate transactions for the three and nine months ended September 30, 2025 and 2024 consists of the following:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Land (1) | $ | 755 |  |  | $ | — |  |  | $ | 4,847 |  |  | $ | — |
Other (2) | — |  |  | (23,400) |  |  | 746 |  |  | (23,400) |
Total | $ | 755 |  |  | $ | (23,400) |  |  | $ | 5,593 |  |  | $ | (23,400) |
(1)Includes the gain on dispositions of land from our investment in Windmill Farms and other land holdings. (2)On October 31, 2024, we paid $23,400 to resolve all claims and disputes with David Clapper and entities related to Mr. Clapper (collectively, “Clapper"). These claims originally involved a transaction in 1998 in which we were to acquire eight multifamily properties from Clapper. We accrued the settlement during the three and nine months ended September 30, 2024.

X
- Definition Schedule Of Construction Costs + References No definition available. + Details
Name: | arl_ScheduleOfConstructionCostsTableTextBlock
Namespace Prefix: | arl_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule Of Gain (Loss) On Sale Of Assets + References No definition available. + Details
Name: | arl_ScheduleOfGainLossOnSaleOfAssetsTableTextBlock
Namespace Prefix: | arl_
Data Type: | dtr-types: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