INVESTMENT IN UNCONSOLIDATED JOINT VENTURES AND INVESTEES (Tables)

3 Months Ended

Mar. 31, 2018

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, 2018			March 31, 2017
American Realty Investors, Inc.(1)		0.90	%		0.90	%

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	2018			2017
Real estate, net of accumulated depreciation	$	5,193		$	14,495
Notes receivable		45,414			44,840
Other assets		58,253			127,106
Notes payable		(6,266	)		(7,742	)
Other liabilities		(32,539	)		(112,388	)
Shareholders’ equity		(70,055	)		(66,311	)
For the Three Months Ended March 31	2018			2017
Rents and interest and other income	$	1,629		$	1,713
Depreciation		—			(45	)
Operating expenses		(417	)		(980	)
Interest expense		(1,631	)		(1,606	)
Net income (loss)	$	(419	)	$	(918	)
Company's proportionate share of income (loss)(1)		(4)			(8)

 ^{(1) Income (loss) represents continued and discontinued operations}