CONSOLIDATED BALANCE SHEETS (USD $) In Thousands, unless otherwise specified	Jun. 30, 2011	Dec. 31, 2010
Assets
Real estate, at cost	$ 992,574	$ 1,074,635
Real estate subject to sales contracts at cost, net of depreciation ($54,940 for 2011 and $58,579 for 2010)	156,270	232,495
Less accumulated depreciation	(105,917)	(94,016)
Total real estate	1,042,927	1,213,114
Notes and interest receivable
Performing (including $58,246 in 2011 and $66,011 in 2010 from affiliates and related parties)	60,614	71,766
Less allowance for estimated losses (including $2,097 in 2011 and $3,061 in 2010 from affiliates and related parties)	(3,777)	(4,741)
Total notes and interest receivable	56,837	67,025
Cash and cash equivalents	7,067	11,259
Investments in unconsolidated subsidiaries and investees	7,441	8,146
Affiliate receivables	23,125	0
Other assets	70,510	85,217
Total assets	1,207,907	1,384,761
Liabilities:
Notes and interest payable	800,362	831,322
Notes related to subject to sales contracts	125,083	190,693
Affiliate payables	0	47,261
Deferred gain (from sales to related parties)	81,827	82,841
Accounts payable and other liabilities (including $1,680 in 2011 and $1,466 in 2010 from affiliates and related parties)	40,514	49,196
Total Liabilities	1,047,786	1,201,313
Shareholders' equity:
Preferred stock, Series C: $.01 par value, authorized 10,000,000 shares, issued and outstanding 30,000 shares in 2011 and 2010 respectively (liquidation preference $100 per share). Series D: $.01 par value, authorized, issued and outstanding 100,000 shares in 2011 and 2010 respectively	1	1
Common stock, $.01 par value, authorized 10,000,000 shares; issued 8,413,669 and 8,113,669 for 2011 and 2010 and outstanding 8,413,469 and 8,113,469 for 2011 and 2010	84	81
Treasury stock at cost; 200 shares in 2011 and 2010	(2)	(2)
Paid-in capital	274,405	271,682
Retained earnings	(128,063)	(101,914)
Total Transcontinental Realty Investors, Inc. shareholders' equity	146,425	169,848
Non-controlling interest	13,696	13,600
Total equity	160,121	183,448
Total liabilities and equity	$ 1,207,907	$ 1,384,761