INVESTMENT IN UNCONSOLIDATED JOINT VENTURES AND INVESTEES (Tables)

6 Months Ended

Jun. 30, 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
	June 30, 2018			June 30, 2017
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 June 30	2018			2017
Real estate, net of accumulated depreciation	$	5,193		$	14,452
Notes receivable		43,045			28,005
Other assets		59,510			67,847
Notes payable		(6,184	)		(6,821	)
Other liabilities		(30,927	)		(38,623	)
Shareholders’ equity		(70,637	)		(64,860	)

For the Six Months Ended June 30		2018			2017
Rents and interest and other income	$	3,388		$	3,282
Depreciation		—			(95	)
Operating expenses		(1,459	)		(2,460	)
Interest expense		(3,362	)		(3,170	)
Income (loss) from continuing operations		(1,433	)		(2,443	)
Income (loss) from discontinued operations		—			—
Net loss	$	(1,433	)	$	(2,443	)
Company’s proportionate share of net loss	$	(13	)	$	(22	)