INVESTMENT IN UNCONSOLIDATED JOINT VENTURES AND INVESTEES (Tables)

9 Months Ended

Sep. 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
	September 30, 2018			September 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 September 30	2018			2017
Real estate, net of accumulated depreciation	$	549		$	14,411
Notes receivable		41,782			39,857
Other assets		64,352			54,703
Notes payable		(6,043	)		(6,618	)
Other liabilities		(30,745	)		(37,184	)
Shareholders’ equity		(69,894	)		(65,169	)
For the Nine Months Ended September 30	2018			2017
Rents and interest and other income	$	5,222		$	4,655
Depreciation		(0	)		(142	)
Operating expenses		(1,941	)		(2,607	)
Gain on land sales		—			1,360
Interest expense		(5,231	)		(4,641	)
Net income/(loss)	$	(1,950	)	$	(1,375	)
Company’s proportionate share of net income/(loss)	$	(18	)	$	(12	)