Profile: American Realty Investors Inc (ARL.N)

American Realty Investors, Inc. (ARI) is engaged in the business of acquisition, development and ownership of income-producing residential, hotel and commercial real estate properties. In addition, ARL acquires land for development in suburban markets. The Company generates revenues by leasing apartment units to residents; leasing office, industrial and retail space to various for-profit businesses, as well as certain local, state and federal agencies; and renting hotel rooms to guests. leasing trade show and exhibit space to temporary, as well as long-term tenants, and renting hotel rooms to guests. It also generates revenues from gains on sales of income-producing properties and land. On November 1, 2011, the Company acquired 100% of the membership interest in Bridgeview Plaza, LLC.

At December 31, 2011, the Company owned 50 residential apartment communities comprising of 9,317 units, 17 commercial properties comprising an aggregate of approximately 3.9 million square feet, one hotel comprising 161 rooms and an investment in 5,315 acres of undeveloped and partially developed land. ARL subsidiaries own approximately 82.7% of the shares of common stock of Transcontinental Realty Investors, Inc. It has partnered in a joint venture with HarmInvest GmbH, Berlin, to develop an approximately 420 acre former naval base into a holiday resort located in the northeastern section of Schleswig-Holsteinin North Germany.

Triad Realty Services, L.P. (Triad), an affiliate of Prime Income Asset Management, LLC (Prime), provides management services for the Company's commercial properties. Triad subcontracted the property-level management and leasing of its commercial properties (office buildings, shopping centers and industrial warehouses) to Regis Realty I, LLC (Regis I). Regis Hotel I, LLC, another Prime affiliate, managed the Company’s hotel investments. Effective January 1, 2011, Regis Realty Prime, LLC, dba Regis Property Management, LLC (Regis), the sole member of which is Realty Advisors, LLC, manages its commercial and hotel properties, and provides brokerage services under similar terms as the previous agreements with Triad and Regis Realty I. Regis receives property and construction management fees and leasing commissions in accordance with the terms of its property-level management agreement.