INVESTMENT IN UNCONSOLIDATED JOINT VENTURES AND INVESTEES (Tables)

6 Months Ended

Jun. 30, 2015

Equity Method Investments and Joint Ventures [Abstract]

Schedule of investments accounted for via the equity method

Investments in unconsolidated joint ventures and investees consist of the following:

	Percentage ownership as of
	June 30, 2015			June 30, 2014
American Realty Investors, Inc.(1)		1.00	%		1.99	%

⁽¹⁾ Unconsolidated investment in parent company owning 140,000 shares of ARL Common Stock

Schedule of the financial position and results of operations - unconsolidated parent

The following is a summary of the financial position and results of operations from our unconsolidated parent (dollars in thousands):

As of June 30,	2015			2014
Real estate, net of accumulated depreciation	$	14,285		$	15,149
Notes receivable		50,519			68,940
Other assets		127,217			128,581
Notes payable		(28,193	)		(52,369	)
Other liabilities		(94,201	)		(100,149	)
Shareholders' equity		(69,627	)		(60,152	)
For the Six Months Ended June 30,		2015			2014
Rents and interest and other income	$	6,359		$	5,894
Depreciation		(78	)		(138	)
Operating expenses		(1,810	)		(3,093	)
Interest expense		(1,448	)		(3,447	)
Income (loss) from continuing operations		3,023			(784	)
Income (loss) from discontinued operations		—			—
Net income (loss)	$	3,023		$	(784	)
Company's proportionate share of income (loss)	$	30		$	(16	)