INVESTMENT IN UNCONSOLIDATED JOINT VENTURES AND INVESTEES (Tables)

12 Months Ended

Dec. 31, 2015

Equity Method Investments and Joint Ventures [Abstract]

Schedule of investments accounted for via the equity method

Investments accounted for via the equity method consists of the following:

	Percentage ownership as of December 31,
	2015			2014			2013
American Realty Investors, Inc. (1)		0.90	%		1.00	%		1.99	%

⁽¹⁾ Unconsolidated investment in parent company

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

The following is a summary of the financial position and results of operations of ARL (dollars in thousands):

	For the Twelve Months Ended December 31,
Unconsolidated Subsidiaries	2015			2014			2013
Real estate, net of accumulated depreciation	$	14,232		$	15,460		$	11,944
Notes Receivable		50,692			50,909			68,909
Other assets		127,497			128,635			128,945
Notes payable		(25,233	)		(50,048	)		(56,103	)
Other liabilities		(98,440	)		(80,904	)		(91,099	)
Shareholders’ equity/partners’ capital		(68,748	)		(64,052	)		(62,596	)
Rents and interest and other income	$	11,990		$	12,427		$	11,372
Depreciation		(192	)		(285	)		(285	)
Operating expenses		(4,414	)		(6,983	)		(14,162	)
Gain on land sales		2,737			—			618
Interest expense		(5,936	)		(7,144	)		(7,173	)
Income (loss) from continuing operations		4,185			(1,985	)		(9,630	)
Income (loss) from discontinued operations		1			64			(15	)
Net income (loss)	$	4,186		$	(1,921	)	$	(9,645	)
Company’s proportionate share of income (loss) (1)	$	38		$	(19	)	$	(192	)

⁽¹⁾ Income (loss) represents continued and discontinued operations