|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. ARL acquires land for development in suburban markets. It 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. 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. On November 1, 2011, the Company acquired 100% of the membership interest in Bridgeview Plaza, LLC.