INVESTMENT IN UNCONSOLIDATED JOINT VENTURES AND INVESTEES (Tables)

3 Months Ended

Mar. 31, 2017

Equity Method Investments and Joint Ventures [Abstract]

Schedule of investments in unconsolidated joint ventures

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

	Percentage ownership as of
	March 31, 2017			March 31, 2016
American Realty Investors, Inc.(1)		0.90	%		0.90	%

(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 March 31,	2017			2016
Real estate, net of accumulated depreciation	$	14,495		$	14,619
Notes receivable		44,840			48,681
Other assets		127,106			127,357
Notes payable		(7,742	)		(24,015	)
Other liabilities		(112,388	)		(98,687	)
Shareholders’ equity		(66,311	)		(67,955	)
For the Three Months Ended March 31,		2017			2016
Rents and interest and other income	$	1,713		$	1,778
Depreciation		(45	)		(40	)
Operating expenses		(980	)		(881	)
Interest expense		(1,606	)		(1,048	)
Net loss	$	(918	)	$	(191	)
Company’s proportionate share of loss	$	(8	)	$	(2	)