CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Revenues:
Rental and other property revenues (including $174 and $211 for the three months and $521 and $591 for the nine months ended 2016 and 2015, respectively, from related parties)	$ 29,776	$ 27,539	$ 89,200	$ 73,599
Expenses:
Property operating expenses (including $221 and $192 for the three months and $644 and $522 for the nine months ended 2016 and 2015, respectively, from related parties)	15,413	14,195	45,295	35,987
Depreciation and amortization	6,014	6,555	17,665	16,305
General and administrative (including $753 and $727 for the three months and $1,501 and $1,547 for the nine months ended 2016 and 2015, respectively, from related parties)	1,541	1,146	4,754	4,191
Net income fee to related party	67	51	193	142
Advisory fee to related party	2,394	2,666	7,096	6,561
Total operating expenses	25,429	24,613	75,003	63,186
Net operating income	4,347	2,926	14,197	10,413
Other income (expenses):
Interest income (including $4,249 and $2,503 for the three months and $10,269 and $8,861 for the nine months ended 2016 and 2015, respectively, from related parties)	4,251	2,505	11,386	9,260
Other income	8	(77)	1,178	4
Mortgage and loan interest (including $212 and $0 for the three months and $437 and $31 for the nine months ended 2016 and 2015, respectively, from related parties)	(13,568)	(13,550)	(38,826)	(31,953)
Earnings (losses) from unconsolidated joint ventures and investees		(4)	(2)	39
Litigation expense		(85)		(203)
Total other expenses	(9,309)	(11,211)	(26,264)	(22,853)
Loss before gain on sale of income-producing properties, loss on land sales, non-controlling interest, and taxes	(4,962)	(8,285)	(12,067)	(12,440)
Gain on sale of income-producing properties		735	4,925	735
Gain on land sales	555	997	3,925	5,124
Net loss from continuing operations before taxes	(4,407)	(6,553)	(3,217)	(6,581)
Income tax benefit (expense)	(25)	16	(24)	107
Net loss from continuing operations	(4,432)	(6,537)	(3,241)	(6,474)
Discontinued operations:
Net income from discontinued operations		47	3	306
Income tax expense from discontinued operations		(16)	(1)	(107)
Net income from discontinued operations		31	2	199
Net loss	(4,432)	(6,506)	(3,239)	(6,275)
Net income attributable to non-controlling interest	(114)	(95)	(189)	(82)
Net loss attributable to Transcontinental Realty Investors, Inc.	(4,546)	(6,601)	(3,428)	(6,357)
Preferred dividend requirement	(227)	(227)	(673)	(673)
Net loss applicable to common shares	$ (4,773)	$ (6,828)	$ (4,101)	$ (7,030)
Earnings per share - basic
Net loss from continuing operations (in dollars per share)	$ (0.79)	$ (0.79)	$ (0.47)	$ (0.83)
Net income from discontinued operations (in dollars per share)				0.02
Net loss applicable to common shares (in dollars per share)	(0.79)	(0.79)	(0.47)	(0.81)
Earnings per share - diluted
Net loss from continuing operations (in dollars per share)	(0.55)	(0.79)	(0.47)	(0.83)
Net income from discontinued operations (in dollars per share)				0.02
Net loss applicable to common shares (in dollars per share)	$ (0.55)	$ (0.79)	$ (0.47)	$ (0.81)
Weighted average common shares used in computing earnings per share (in shares)	8,717,767	8,717,767	8,717,767	8,717,767
Weighted average common shares used in computing diluted earnings per share (in shares)	8,717,767	8,717,767	8,717,767	8,717,767
Amounts attributable to Transcontinental Realty Investors, Inc.
Net loss from continuing operations	$ (4,546)	$ (6,632)	$ (3,430)	$ (6,556)
Net income from discontinued operations		31	2	199
Net loss	$ (4,546)	$ (6,601)	$ (3,428)	$ (6,357)