CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Assets
Real estate, at cost	$ 484,639	$ 469,997
Real estate subject to sales contracts at cost	6,307	7,966
Less accumulated depreciation	(96,002)	(90,173)
Total real estate	394,944	387,790
Notes and interest receivable (including $68,170 in 2020 and $57,817 in 2019 from related parties)	135,664	120,986
Cash and cash equivalents	42,250	51,179
Restricted cash	30,114	32,082
Investment in VAA	52,773	59,148
Investment in other unconsolidated investees	22,638	22,632
Receivable from related parties	128,617	141,541
Other assets	57,167	50,560
Total assets	864,167	865,918
Liabilities:
Notes and interest payable	255,884	246,546
Bonds and bond interest payable	218,216	229,722
Deferred revenue (including $10,367 in 2020 and $9,468 2019 to related parties)	10,367	9,468
Accounts payable and other liabilities (including $934 in 2020 and $935 in 2019 to related parties)	24,778	26,115
Total liabilities	509,245	511,851
Shareholders' equity:
Common stock, $0.01 par value, authorized 10,000,000 shares; issued 8,717,967 shares in 2020 and 2019; outstanding 8,717,767 shares in 2020 and 2019	87	87
Treasury stock at cost, 200 shares in 2020 and 2019	(2)	(2)
Paid-in capital	257,853	257,853
Retained earnings	75,120	74,665
Total Transcontinental Realty Investors, Inc. shareholders' equity	333,058	332,603
Non-controlling interest	21,864	21,464
Total shareholders' equity	354,922	354,067
Total liabilities and shareholders' equity	$ 864,167	$ 865,918