INVESTMENT IN UNCONSOLIDATED JOINT VENTURES AND INVESTEES (Tables)

12 Months Ended

Dec. 31, 2016

Equity Method Investments and Joint Ventures [Abstract]

Schedule of investments in unconsolidated joint ventures

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

	Percentage ownership as of December 31,
	2016			2015			2014
American Realty Investors, Inc. (1)		0.90	%		0.90	%		1.00	%

⁽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	2016			2015			2014
Real estate, net of accumulated depreciation	$	14,504		$	14,232		$	15,460
Notes Receivable		47,257			50,692			50,909
Other assets		127,001			127,497			128,635
Notes payable		(9,485	)		(25,233	)		(50,048	)
Other liabilities		(111,707	)		(98,440	)		(80,904	)
Shareholders’ equity/partners’ capital		(67,570	)		(68,748	)		(64,052	)
Rents and interest and other income	$	7,251		$	11,990		$	12,427
Depreciation		(175	)		(192	)		(285	)
Operating expenses		(3,633	)		(4,414	)		(6,983	)
Gain on land sales		—			2,737			—
Interest expense		(6,274	)		(5,936	)		(7,144	)
Income (loss) from continuing operations		(2,831	)		4,185			(1,985	)
Income (loss) from discontinued operations		—			1			64
Net income (loss)	$	(2,831	)	$	4,186		$	(1,921	)
Company’s proportionate share of income (loss) (1)	$	(25	)	$	38		$	(19	)

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