INVESTMENT IN UNCONSOLIDATED JOINT VENTURES AND INVESTEES (Tables)

12 Months Ended

Dec. 31, 2017

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,
	2017	2016	2015
American Realty Investors, Inc. (1)	0.90%	0.90%	0.90%

⁽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	2017			2016			2015
Real estate, net of accumulated depreciation	$	12,349		$	14,504		$	14,232
Notes Receivable		41,928			47,257			50,692
Other assets		126,238			127,001			127,497
Notes payable		(6,507	)		(9,485	)		(25,233	)
Other liabilities		(102,014	)		(111,707	)		(98,440	)
Shareholders’ equity/partners’ capital		(71,994	)		(67,570	)		(68,748	)
Rents and interest and other income	$	9,193		$	7,251		$	11,990
Depreciation		(157	)		(175	)		(192	)
Operating expenses		(3,149	)		(3,633	)		(4,414	)
Gain on land sales		4,765			—			2,737
Interest expense		(6,228	)		(6,274	)		(5,936	)
Income (loss) from continuing operations		4,424			(2,831	)		4,185
Income from discontinued operations		—			—			1
Net income (loss)	$	4,424		$	(2,831	)	$	4,186
Company’s proportionate share of income (loss) (1)	$	40		$	(25	)	$	38

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