SEC Info  
    Home      Search      My Interests      Help      Sign In      Please Sign In

American Realty Investors Inc. – ‘10-K’ for 12/31/23 – ‘EX-101.SCH’

On:  Thursday, 3/21/24, at 12:52pm ET   ·   For:  12/31/23   ·   Accession #:  1102238-24-4   ·   File #:  1-15663

Previous ‘10-K’:  ‘10-K’ on 3/23/23 for 12/31/22   ·   Latest ‘10-K’:  This Filing

Find Words in Filings emoji
 
  in    Show  and   Hints

  As Of               Filer                 Filing    For·On·As Docs:Size

 3/21/24  American Realty Investors Inc.    10-K       12/31/23   97:9.8M

Annual Report   —   Form 10-K   —   SEA’34

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML   1.90M 
 2: EX-21.1     Subsidiaries List                                   HTML     28K 
 3: EX-26.1     Invitation for Competitive Bids                     HTML     29K 
 4: EX-31.1     Certification -- §302 - SOA'02                      HTML     30K 
 5: EX-32.1     Certification -- §906 - SOA'02                      HTML     27K 
11: R1          Cover                                               HTML     93K 
12: R2          Audit Information                                   HTML     31K 
13: R3          Consolidated Balance Sheets                         HTML    119K 
14: R4          Consolidated Balance Sheets (Parenthetical)         HTML     54K 
15: R5          Consolidated Statements of Operations               HTML    125K 
16: R6          Consolidated Statements of Operations               HTML     36K 
                (Parenthetical)                                                  
17: R7          Consolidated Statement of Equity                    HTML     66K 
18: R8          Consolidated Statements of Cash Flows               HTML    117K 
19: R9          Organization                                        HTML     33K 
20: R10         Summary of Significant Accounting Policies          HTML     43K 
21: R11         Earnings Per Share                                  HTML     41K 
22: R12         Supplemental Cash Flows Information                 HTML     70K 
23: R13         Operating Segments                                  HTML     79K 
24: R14         Lease Revenue                                       HTML     42K 
25: R15         Real Estate Activity                                HTML     66K 
26: R16         Short-term Investments                              HTML     27K 
27: R17         Notes Receivable                                    HTML     86K 
28: R18         Investment in Unconsolidated Joint Ventures         HTML     77K 
29: R19         Acquisitions                                        HTML     46K 
30: R20         Mortgages and Other Notes Payable                   HTML     86K 
31: R21         Bonds Payable                                       HTML     39K 
32: R22         Related Party Transactions                          HTML     35K 
33: R23         Noncontrolling Interests                            HTML     28K 
34: R24         Stockholders Equity                                 HTML     29K 
35: R25         Deferred Income                                     HTML     27K 
36: R26         Income Taxes                                        HTML     75K 
37: R27         Commitments and Contingencies                       HTML     29K 
38: R28         Quarterly Results of Operations                     HTML     51K 
39: R29         Subsequent Events                                   HTML     28K 
40: R30         Schedule Iii Real Estate and Accumulated            HTML    162K 
                Depreciation                                                     
41: R31         Schedule Iv - Mortgage Loans                        HTML    108K 
42: R32         Summary of Significant Accounting Policies          HTML     69K 
                (Policies)                                                       
43: R33         Earnings Per Share (Tables)                         HTML     40K 
44: R34         Supplemental Cash Flows Information (Tables)        HTML     70K 
45: R35         Operating Segments (Tables)                         HTML     80K 
46: R36         Lease Revenue (Tables)                              HTML     43K 
47: R37         Real Estate Activity (Tables)                       HTML     57K 
48: R38         Notes Receivable (Tables)                           HTML     86K 
49: R39         Investment in Unconsolidated Joint Ventures         HTML     72K 
                (Tables)                                                         
50: R40         Acquisitions (Tables)                               HTML     48K 
51: R41         Mortgages and Other Notes Payable (Tables)          HTML     80K 
52: R42         Bonds Payable (Tables)                              HTML     41K 
53: R43         Income Taxes (Tables)                               HTML     74K 
54: R44         Quarterly Results of Operations (Tables)            HTML     50K 
55: R45         Organization (Details)                              HTML     46K 
56: R46         Summary of Significant Accounting Policies          HTML     41K 
                (Details)                                                        
57: R47         Earnings Per Share (Details)                        HTML     74K 
58: R48         Supplemental Cash Flows Information - Schedule of   HTML     49K 
                Noncash Investing and Financing Activities                       
                (Details)                                                        
59: R49         Supplemental Cash Flows Information - Schedule of   HTML     42K 
                Noncash Investing and Financing Activities                       
                (Details)                                                        
60: R50         Operating Segments - Schedule of Profit by          HTML     67K 
                Reportable Segment (Details)                                     
61: R51         Operating Segments - Schedule of Profit by          HTML     89K 
                Reportable Segment to Net Income (Loss) (Details)                
62: R52         Operating Segments - Schedule of Segment            HTML     51K 
                Information to Consolidated Balance Sheets                       
                (Details)                                                        
63: R53         Lease Revenue - Schedule of Rental Revenue          HTML     32K 
                (Details)                                                        
64: R54         Lease Revenue - Schedule of Future Rental Payments  HTML     40K 
                (Details)                                                        
65: R55         Real Estate Activity - Schedule of Real Estate      HTML     40K 
                Investment Components (Details)                                  
66: R56         Real Estate Activity - Narrative (Details)          HTML     52K 
67: R57         Real Estate Activity - Schedule of Gain (Loss) on   HTML     83K 
                Sale or Write-down of Assets (Details)                           
68: R58         Short-term Investments (Details)                    HTML     30K 
69: R59         Notes Receivable (Details)                          HTML    143K 
70: R60         Investment in Unconsolidated Joint Ventures -       HTML    108K 
                Narrative (Details)                                              
71: R61         Investment in Unconsolidated Joint Ventures -       HTML    174K 
                Schedule of Financial Position And Results of                    
                Operations From Our Investees (Details)                          
72: R62         Acquisitions - Narrative (Details)                  HTML     31K 
73: R63         Acquisitions - Schedule of Asset Acquisition Of     HTML     43K 
                Properties (Details)                                             
74: R64         Acquisitions - Schedule of Preliminary Allocation   HTML     45K 
                of The Fair Value (Details)                                      
75: R65         Acquisitions - Schedule of Purchase Price of        HTML     35K 
                Additional Ownership Interest (Details)                          
76: R66         Mortgages and Other Notes Payable - Schedule of     HTML     98K 
                Debt (Details)                                                   
77: R67         Mortgages and Other Notes Payable - Narrative       HTML     44K 
                (Details)                                                        
78: R68         Mortgages and Other Notes Payable - Schedule of     HTML     52K 
                Future Principal Payments (Details)                              
79: R69         Bonds Payable - Narrative (Details)                 HTML     39K 
80: R70         Bonds Payable - Schedule of Long-term Debt          HTML     51K 
                Instruments (Details)                                            
81: R71         Related Party Transactions (Details)                HTML     55K 
82: R72         Noncontrolling Interests (Details)                  HTML     31K 
83: R73         Stockholders Equity (Details)                       HTML     55K 
84: R74         Deferred Income (Details)                           HTML     27K 
85: R75         Income Taxes - Schedule of Income Tax Expense       HTML     42K 
                (Benefit) (Details)                                              
86: R76         Income Taxes - Schedule of Effective Income Tax     HTML     42K 
                Rate Reconciliation (Details)                                    
87: R77         Income Taxes - Schedule of Deferred Tax Assets and  HTML     56K 
                Liabilities (Details)                                            
88: R78         Quarterly Results of Operations (Details)           HTML     64K 
89: R79         SCHEDULE III - REAL ESTATE AND ACCUMULATED          HTML    185K 
                DEPRECIATION - Schedule of Real Estate and                       
                Accumulated Depreciation (Details)                               
90: R80         SCHEDULE III - REAL ESTATE AND ACCUMULATED          HTML     42K 
                DEPRECIATION - Reconciliation of Real Estate and                 
                Accumulated Depreciation (Details)                               
91: R81         SCHEDULE IV - MORTGAGE LOANS - Schedule of          HTML    173K 
                Mortgage Loans (Details)                                         
92: R82         SCHEDULE IV - MORTGAGE LOANS - Roll Forward         HTML     33K 
                (Details)                                                        
94: XML         IDEA XML File -- Filing Summary                      XML    177K 
97: XML         XBRL Instance -- arl-20231231_htm                    XML   2.52M 
93: EXCEL       IDEA Workbook of Financial Report Info              XLSX    191K 
 7: EX-101.CAL  XBRL Calculations -- arl-20231231_cal                XML    234K 
 8: EX-101.DEF  XBRL Definitions -- arl-20231231_def                 XML    725K 
 9: EX-101.LAB  XBRL Labels -- arl-20231231_lab                      XML   1.55M 
10: EX-101.PRE  XBRL Presentations -- arl-20231231_pre               XML   1.16M 
 6: EX-101.SCH  XBRL Schema -- arl-20231231                          XSD    214K 
95: JSON        XBRL Instance as JSON Data -- MetaLinks              491±   734K 
96: ZIP         XBRL Zipped Folder -- 0001102238-24-000004-xbrl      Zip    407K 


‘EX-101.SCH’   —   XBRL Schema — arl-20231231


This Exhibit is an XBRL File.


                                                                                                                                                                                
<?xml version="1.0" encoding="windows-1252"?>
<!-- XBRL Document Created with the Workiva Platform -->
<!-- Copyright 2024 Workiva -->
<!-- r:deaa96ee-5b28-4c9f-bd93-294904fb86b6,g:754a0a11-3390-48ee-8382-3e415ea11cbd -->
<xs:schema xmlns:xs="http://www.w3.org/2001/XMLSchema" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:arl="http://americanrealtyinvest.com/20231231" xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:dtr-types1="http://www.xbrl.org/dtr/type/2020-01-21" xmlns:dtr-types="http://www.xbrl.org/dtr/type/2022-03-31" attributeFormDefault="unqualified" elementFormDefault="qualified" targetNamespace="http://americanrealtyinvest.com/20231231">
<xs:import namespace="http://fasb.org/srt/2023" schemaLocation="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd"/>
<xs:import namespace="http://fasb.org/us-gaap/2023" schemaLocation="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd"/>
<xs:import namespace="http://www.w3.org/1999/xlink" schemaLocation="http://www.xbrl.org/2003/xlink-2003-12-31.xsd"/>
<xs:import namespace="http://www.xbrl.org/2003/instance" schemaLocation="http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd"/>
<xs:import namespace="http://www.xbrl.org/2003/linkbase" schemaLocation="http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd"/>
<xs:import namespace="http://www.xbrl.org/dtr/type/2020-01-21" schemaLocation="https://www.xbrl.org/dtr/type/2020-01-21/types.xsd"/>
<xs:import namespace="http://www.xbrl.org/dtr/type/2022-03-31" schemaLocation="https://www.xbrl.org/dtr/type/2022-03-31/types.xsd"/>
<xs:import namespace="http://xbrl.sec.gov/dei/2023" schemaLocation="https://xbrl.sec.gov/dei/2023/dei-2023.xsd"/>
<xs:annotation>
<xs:appinfo>
<link:linkbaseRef xmlns:xlink="http://www.w3.org/1999/xlink" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:href="arl-20231231_pre.xml" xlink:role="http://www.xbrl.org/2003/role/presentationLinkbaseRef" xlink:type="simple"/>
<link:linkbaseRef xmlns:xlink="http://www.w3.org/1999/xlink" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:href="arl-20231231_def.xml" xlink:role="http://www.xbrl.org/2003/role/definitionLinkbaseRef" xlink:type="simple"/>
<link:linkbaseRef xmlns:xlink="http://www.w3.org/1999/xlink" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:href="arl-20231231_lab.xml" xlink:role="http://www.xbrl.org/2003/role/labelLinkbaseRef" xlink:type="simple"/>
<link:linkbaseRef xmlns:xlink="http://www.w3.org/1999/xlink" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:href="arl-20231231_cal.xml" xlink:role="http://www.xbrl.org/2003/role/calculationLinkbaseRef" xlink:type="simple"/>
<link:roleType id="Cover" roleURI="http://americanrealtyinvest.com/role/Cover">
<link:definition> 0000001 - Document - Cover </link:definition>
<link:usedOn> link:presentationLink </link:usedOn>
<link:usedOn> link:calculationLink </link:usedOn>
<link:usedOn> link:definitionLink </link:usedOn>
</link:roleType>
<link:roleType id="AuditInformation" roleURI="http://americanrealtyinvest.com/role/AuditInformation">
<link:definition> 0000002 - Document - Audit Information </link:definition>
<link:usedOn> link:presentationLink </link:usedOn>
<link:usedOn> link:calculationLink </link:usedOn>
<link:usedOn> link:definitionLink </link:usedOn>
</link:roleType>
<link:roleType id="CONSOLIDATEDBALANCESHEETS" roleURI="http://americanrealtyinvest.com/role/CONSOLIDATEDBALANCESHEETS">
<link:definition> 0000003 - Statement - CONSOLIDATED BALANCE SHEETS </link:definition>
<link:usedOn> link:presentationLink </link:usedOn>
<link:usedOn> link:calculationLink </link:usedOn>
<link:usedOn> link:definitionLink </link:usedOn>
</link:roleType>
<link:roleType id="CONSOLIDATEDBALANCESHEETSParenthetical" roleURI="http://americanrealtyinvest.com/role/CONSOLIDATEDBALANCESHEETSParenthetical">
<link:definition> 0000004 - Statement - CONSOLIDATED BALANCE SHEETS (Parenthetical) </link:definition>
<link:usedOn> link:presentationLink </link:usedOn>
<link:usedOn> link:calculationLink </link:usedOn>
<link:usedOn> link:definitionLink </link:usedOn>
</link:roleType>
<link:roleType id="CONSOLIDATEDSTATEMENTSOFOPERATIONS" roleURI="http://americanrealtyinvest.com/role/CONSOLIDATEDSTATEMENTSOFOPERATIONS">
<link:definition> 0000005 - Statement - CONSOLIDATED STATEMENTS OF OPERATIONS </link:definition>
<link:usedOn> link:presentationLink </link:usedOn>
<link:usedOn> link:calculationLink </link:usedOn>
<link:usedOn> link:definitionLink </link:usedOn>
</link:roleType>
<link:roleType id="CONSOLIDATEDSTATEMENTSOFOPERATIONSParenthetical" roleURI="http://americanrealtyinvest.com/role/CONSOLIDATEDSTATEMENTSOFOPERATIONSParenthetical">
<link:definition> 0000006 - Statement - CONSOLIDATED STATEMENTS OF OPERATIONS (Parenthetical) </link:definition>
<link:usedOn> link:presentationLink </link:usedOn>
<link:usedOn> link:calculationLink </link:usedOn>
<link:usedOn> link:definitionLink </link:usedOn>
</link:roleType>
<link:roleType id="CONSOLIDATEDSTATEMENTOFEQUITY" roleURI="http://americanrealtyinvest.com/role/CONSOLIDATEDSTATEMENTOFEQUITY">
<link:definition> 0000007 - Statement - CONSOLIDATED STATEMENT OF EQUITY </link:definition>
<link:usedOn> link:presentationLink </link:usedOn>
<link:usedOn> link:calculationLink </link:usedOn>
<link:usedOn> link:definitionLink </link:usedOn>
</link:roleType>
<link:roleType id="CONSOLIDATEDSTATEMENTSOFCASHFLOWS" roleURI="http://americanrealtyinvest.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS">
<link:definition> 0000008 - Statement - CONSOLIDATED STATEMENTS OF CASH FLOWS </link:definition>
<link:usedOn> link:presentationLink </link:usedOn>
<link:usedOn> link:calculationLink </link:usedOn>
<link:usedOn> link:definitionLink </link:usedOn>
</link:roleType>
<link:roleType id="Organization" roleURI="http://americanrealtyinvest.com/role/Organization">
<link:definition> 0000009 - Disclosure - Organization </link:definition>
<link:usedOn> link:presentationLink </link:usedOn>
<link:usedOn> link:calculationLink </link:usedOn>
<link:usedOn> link:definitionLink </link:usedOn>
</link:roleType>
<link:roleType id="SummaryofSignificantAccountingPolicies" roleURI="http://americanrealtyinvest.com/role/SummaryofSignificantAccountingPolicies">
<link:definition> 0000010 - Disclosure - Summary of Significant Accounting Policies </link:definition>
<link:usedOn> link:presentationLink </link:usedOn>
<link:usedOn> link:calculationLink </link:usedOn>
<link:usedOn> link:definitionLink </link:usedOn>
</link:roleType>
<link:roleType id="EarningsPerShare" roleURI="http://americanrealtyinvest.com/role/EarningsPerShare">
<link:definition> 0000011 - Disclosure - Earnings Per Share </link:definition>
<link:usedOn> link:presentationLink </link:usedOn>
<link:usedOn> link:calculationLink </link:usedOn>
<link:usedOn> link:definitionLink </link:usedOn>
</link:roleType>
<link:roleType id="SupplementalCashFlowsInformation" roleURI="http://americanrealtyinvest.com/role/SupplementalCashFlowsInformation">
<link:definition> 0000012 - Disclosure - Supplemental Cash Flows Information </link:definition>
<link:usedOn> link:presentationLink </link:usedOn>
<link:usedOn> link:calculationLink </link:usedOn>
<link:usedOn> link:definitionLink </link:usedOn>
</link:roleType>
<link:roleType id="OperatingSegments" roleURI="http://americanrealtyinvest.com/role/OperatingSegments">
<link:definition> 0000013 - Disclosure - Operating Segments </link:definition>
<link:usedOn> link:presentationLink </link:usedOn>
<link:usedOn> link:calculationLink </link:usedOn>
<link:usedOn> link:definitionLink </link:usedOn>
</link:roleType>
<link:roleType id="LeaseRevenue" roleURI="http://americanrealtyinvest.com/role/LeaseRevenue">
<link:definition> 0000014 - Disclosure - Lease Revenue </link:definition>
<link:usedOn> link:presentationLink </link:usedOn>
<link:usedOn> link:calculationLink </link:usedOn>
<link:usedOn> link:definitionLink </link:usedOn>
</link:roleType>
<link:roleType id="RealEstateActivity" roleURI="http://americanrealtyinvest.com/role/RealEstateActivity">
<link:definition> 0000015 - Disclosure - Real Estate Activity </link:definition>
<link:usedOn> link:presentationLink </link:usedOn>
<link:usedOn> link:calculationLink </link:usedOn>
<link:usedOn> link:definitionLink </link:usedOn>
</link:roleType>
<link:roleType id="ShorttermInvestments" roleURI="http://americanrealtyinvest.com/role/ShorttermInvestments">
<link:definition> 0000016 - Disclosure - Short-term Investments </link:definition>
<link:usedOn> link:presentationLink </link:usedOn>
<link:usedOn> link:calculationLink </link:usedOn>
<link:usedOn> link:definitionLink </link:usedOn>
</link:roleType>
<link:roleType id="NotesReceivable" roleURI="http://americanrealtyinvest.com/role/NotesReceivable">
<link:definition> 0000017 - Disclosure - Notes Receivable </link:definition>
<link:usedOn> link:presentationLink </link:usedOn>
<link:usedOn> link:calculationLink </link:usedOn>
<link:usedOn> link:definitionLink </link:usedOn>
</link:roleType>
<link:roleType id="InvestmentinUnconsolidatedJointVentures" roleURI="http://americanrealtyinvest.com/role/InvestmentinUnconsolidatedJointVentures">
<link:definition> 0000018 - Disclosure - Investment in Unconsolidated Joint Ventures </link:definition>
<link:usedOn> link:presentationLink </link:usedOn>
<link:usedOn> link:calculationLink </link:usedOn>
<link:usedOn> link:definitionLink </link:usedOn>
</link:roleType>
<link:roleType id="Acquisitions" roleURI="http://americanrealtyinvest.com/role/Acquisitions">
<link:definition> 0000019 - Disclosure - Acquisitions </link:definition>
<link:usedOn> link:presentationLink </link:usedOn>
<link:usedOn> link:calculationLink </link:usedOn>
<link:usedOn> link:definitionLink </link:usedOn>
</link:roleType>
<link:roleType id="MortgagesandOtherNotesPayable" roleURI="http://americanrealtyinvest.com/role/MortgagesandOtherNotesPayable">
<link:definition> 0000020 - Disclosure - Mortgages and Other Notes Payable </link:definition>
<link:usedOn> link:presentationLink </link:usedOn>
<link:usedOn> link:calculationLink </link:usedOn>
<link:usedOn> link:definitionLink </link:usedOn>
</link:roleType>
<link:roleType id="BondsPayable" roleURI="http://americanrealtyinvest.com/role/BondsPayable">
<link:definition> 0000021 - Disclosure - Bonds Payable </link:definition>
<link:usedOn> link:presentationLink </link:usedOn>
<link:usedOn> link:calculationLink </link:usedOn>
<link:usedOn> link:definitionLink </link:usedOn>
</link:roleType>
<link:roleType id="RelatedPartyTransactions" roleURI="http://americanrealtyinvest.com/role/RelatedPartyTransactions">
<link:definition> 0000022 - Disclosure - Related Party Transactions </link:definition>
<link:usedOn> link:presentationLink </link:usedOn>
<link:usedOn> link:calculationLink </link:usedOn>
<link:usedOn> link:definitionLink </link:usedOn>
</link:roleType>
<link:roleType id="NoncontrollingInterests" roleURI="http://americanrealtyinvest.com/role/NoncontrollingInterests">
<link:definition> 0000023 - Disclosure - Noncontrolling Interests </link:definition>
<link:usedOn> link:presentationLink </link:usedOn>
<link:usedOn> link:calculationLink </link:usedOn>
<link:usedOn> link:definitionLink </link:usedOn>
</link:roleType>
<link:roleType id="StockholdersEquity" roleURI="http://americanrealtyinvest.com/role/StockholdersEquity">
<link:definition> 0000024 - Disclosure - Stockholders Equity </link:definition>
<link:usedOn> link:presentationLink </link:usedOn>
<link:usedOn> link:calculationLink </link:usedOn>
<link:usedOn> link:definitionLink </link:usedOn>
</link:roleType>
<link:roleType id="DeferredIncome" roleURI="http://americanrealtyinvest.com/role/DeferredIncome">
<link:definition> 0000025 - Disclosure - Deferred Income </link:definition>
<link:usedOn> link:presentationLink </link:usedOn>
<link:usedOn> link:calculationLink </link:usedOn>
<link:usedOn> link:definitionLink </link:usedOn>
</link:roleType>
<link:roleType id="IncomeTaxes" roleURI="http://americanrealtyinvest.com/role/IncomeTaxes">
<link:definition> 0000026 - Disclosure - Income Taxes </link:definition>
<link:usedOn> link:presentationLink </link:usedOn>
<link:usedOn> link:calculationLink </link:usedOn>
<link:usedOn> link:definitionLink </link:usedOn>
</link:roleType>
<link:roleType id="CommitmentsandContingencies" roleURI="http://americanrealtyinvest.com/role/CommitmentsandContingencies">
<link:definition> 0000027 - Disclosure - Commitments and Contingencies </link:definition>
<link:usedOn> link:presentationLink </link:usedOn>
<link:usedOn> link:calculationLink </link:usedOn>
<link:usedOn> link:definitionLink </link:usedOn>
</link:roleType>
<link:roleType id="QuarterlyResultsofOperations" roleURI="http://americanrealtyinvest.com/role/QuarterlyResultsofOperations">
<link:definition> 0000028 - Disclosure - Quarterly Results of Operations </link:definition>
<link:usedOn> link:presentationLink </link:usedOn>
<link:usedOn> link:calculationLink </link:usedOn>
<link:usedOn> link:definitionLink </link:usedOn>
</link:roleType>
<link:roleType id="SubsequentEvents" roleURI="http://americanrealtyinvest.com/role/SubsequentEvents">
<link:definition> 0000029 - Disclosure - Subsequent Events </link:definition>
<link:usedOn> link:presentationLink </link:usedOn>
<link:usedOn> link:calculationLink </link:usedOn>
<link:usedOn> link:definitionLink </link:usedOn>
</link:roleType>
<link:roleType id="SCHEDULEIIIREALESTATEANDACCUMULATEDDEPRECIATION" roleURI="http://americanrealtyinvest.com/role/SCHEDULEIIIREALESTATEANDACCUMULATEDDEPRECIATION">
<link:definition> 0000030 - Disclosure - SCHEDULE III REAL ESTATE AND ACCUMULATED DEPRECIATION </link:definition>
<link:usedOn> link:presentationLink </link:usedOn>
<link:usedOn> link:calculationLink </link:usedOn>
<link:usedOn> link:definitionLink </link:usedOn>
</link:roleType>
<link:roleType id="SCHEDULEIVMORTGAGELOANS" roleURI="http://americanrealtyinvest.com/role/SCHEDULEIVMORTGAGELOANS">
<link:definition> 0000031 - Disclosure - SCHEDULE IV - MORTGAGE LOANS </link:definition>
<link:usedOn> link:presentationLink </link:usedOn>
<link:usedOn> link:calculationLink </link:usedOn>
<link:usedOn> link:definitionLink </link:usedOn>
</link:roleType>
<link:roleType id="SummaryofSignificantAccountingPoliciesPolicies" roleURI="http://americanrealtyinvest.com/role/SummaryofSignificantAccountingPoliciesPolicies">
<link:definition> 9954471 - Disclosure - Summary of Significant Accounting Policies (Policies) </link:definition>
<link:usedOn> link:presentationLink </link:usedOn>
<link:usedOn> link:calculationLink </link:usedOn>
<link:usedOn> link:definitionLink </link:usedOn>
</link:roleType>
<link:roleType id="EarningsPerShareTables" roleURI="http://americanrealtyinvest.com/role/EarningsPerShareTables">
<link:definition> 9954472 - Disclosure - Earnings Per Share (Tables) </link:definition>
<link:usedOn> link:presentationLink </link:usedOn>
<link:usedOn> link:calculationLink </link:usedOn>
<link:usedOn> link:definitionLink </link:usedOn>
</link:roleType>
<link:roleType id="SupplementalCashFlowsInformationTables" roleURI="http://americanrealtyinvest.com/role/SupplementalCashFlowsInformationTables">
<link:definition> 9954473 - Disclosure - Supplemental Cash Flows Information (Tables) </link:definition>
<link:usedOn> link:presentationLink </link:usedOn>
<link:usedOn> link:calculationLink </link:usedOn>
<link:usedOn> link:definitionLink </link:usedOn>
</link:roleType>
<link:roleType id="OperatingSegmentsTables" roleURI="http://americanrealtyinvest.com/role/OperatingSegmentsTables">
<link:definition> 9954474 - Disclosure - Operating Segments (Tables) </link:definition>
<link:usedOn> link:presentationLink </link:usedOn>
<link:usedOn> link:calculationLink </link:usedOn>
<link:usedOn> link:definitionLink </link:usedOn>
</link:roleType>
<link:roleType id="LeaseRevenueTables" roleURI="http://americanrealtyinvest.com/role/LeaseRevenueTables">
<link:definition> 9954475 - Disclosure - Lease Revenue (Tables) </link:definition>
<link:usedOn> link:presentationLink </link:usedOn>
<link:usedOn> link:calculationLink </link:usedOn>
<link:usedOn> link:definitionLink </link:usedOn>
</link:roleType>
<link:roleType id="RealEstateActivityTables" roleURI="http://americanrealtyinvest.com/role/RealEstateActivityTables">
<link:definition> 9954476 - Disclosure - Real Estate Activity (Tables) </link:definition>
<link:usedOn> link:presentationLink </link:usedOn>
<link:usedOn> link:calculationLink </link:usedOn>
<link:usedOn> link:definitionLink </link:usedOn>
</link:roleType>
<link:roleType id="NotesReceivableTables" roleURI="http://americanrealtyinvest.com/role/NotesReceivableTables">
<link:definition> 9954477 - Disclosure - Notes Receivable (Tables) </link:definition>
<link:usedOn> link:presentationLink </link:usedOn>
<link:usedOn> link:calculationLink </link:usedOn>
<link:usedOn> link:definitionLink </link:usedOn>
</link:roleType>
<link:roleType id="InvestmentinUnconsolidatedJointVenturesTables" roleURI="http://americanrealtyinvest.com/role/InvestmentinUnconsolidatedJointVenturesTables">
<link:definition> 9954478 - Disclosure - Investment in Unconsolidated Joint Ventures (Tables) </link:definition>
<link:usedOn> link:presentationLink </link:usedOn>
<link:usedOn> link:calculationLink </link:usedOn>
<link:usedOn> link:definitionLink </link:usedOn>
</link:roleType>
<link:roleType id="AcquisitionsTables" roleURI="http://americanrealtyinvest.com/role/AcquisitionsTables">
<link:definition> 9954479 - Disclosure - Acquisitions (Tables) </link:definition>
<link:usedOn> link:presentationLink </link:usedOn>
<link:usedOn> link:calculationLink </link:usedOn>
<link:usedOn> link:definitionLink </link:usedOn>
</link:roleType>
<link:roleType id="MortgagesandOtherNotesPayableTables" roleURI="http://americanrealtyinvest.com/role/MortgagesandOtherNotesPayableTables">
<link:definition> 9954480 - Disclosure - Mortgages and Other Notes Payable (Tables) </link:definition>
<link:usedOn> link:presentationLink </link:usedOn>
<link:usedOn> link:calculationLink </link:usedOn>
<link:usedOn> link:definitionLink </link:usedOn>
</link:roleType>
<link:roleType id="BondsPayableTables" roleURI="http://americanrealtyinvest.com/role/BondsPayableTables">
<link:definition> 9954481 - Disclosure - Bonds Payable (Tables) </link:definition>
<link:usedOn> link:presentationLink </link:usedOn>
<link:usedOn> link:calculationLink </link:usedOn>
<link:usedOn> link:definitionLink </link:usedOn>
</link:roleType>
<link:roleType id="IncomeTaxesTables" roleURI="http://americanrealtyinvest.com/role/IncomeTaxesTables">
<link:definition> 9954482 - Disclosure - Income Taxes (Tables) </link:definition>
<link:usedOn> link:presentationLink </link:usedOn>
<link:usedOn> link:calculationLink </link:usedOn>
<link:usedOn> link:definitionLink </link:usedOn>
</link:roleType>
<link:roleType id="QuarterlyResultsofOperationsTables" roleURI="http://americanrealtyinvest.com/role/QuarterlyResultsofOperationsTables">
<link:definition> 9954483 - Disclosure - Quarterly Results of Operations (Tables) </link:definition>
<link:usedOn> link:presentationLink </link:usedOn>
<link:usedOn> link:calculationLink </link:usedOn>
<link:usedOn> link:definitionLink </link:usedOn>
</link:roleType>
<link:roleType id="OrganizationDetails" roleURI="http://americanrealtyinvest.com/role/OrganizationDetails">
<link:definition> 9954484 - Disclosure - Organization (Details) </link:definition>
<link:usedOn> link:presentationLink </link:usedOn>
<link:usedOn> link:calculationLink </link:usedOn>
<link:usedOn> link:definitionLink </link:usedOn>
</link:roleType>
<link:roleType id="SummaryofSignificantAccountingPoliciesDetails" roleURI="http://americanrealtyinvest.com/role/SummaryofSignificantAccountingPoliciesDetails">
<link:definition> 9954485 - Disclosure - Summary of Significant Accounting Policies (Details) </link:definition>
<link:usedOn> link:presentationLink </link:usedOn>
<link:usedOn> link:calculationLink </link:usedOn>
<link:usedOn> link:definitionLink </link:usedOn>
</link:roleType>
<link:roleType id="EarningsPerShareDetails" roleURI="http://americanrealtyinvest.com/role/EarningsPerShareDetails">
<link:definition> 9954486 - Disclosure - Earnings Per Share (Details) </link:definition>
<link:usedOn> link:presentationLink </link:usedOn>
<link:usedOn> link:calculationLink </link:usedOn>
<link:usedOn> link:definitionLink </link:usedOn>
</link:roleType>
<link:roleType id="SupplementalCashFlowsInformationScheduleofNoncashInvestingandFinancingActivitiesDetails" roleURI="http://americanrealtyinvest.com/role/SupplementalCashFlowsInformationScheduleofNoncashInvestingandFinancingActivitiesDetails">
<link:definition> 9954487 - Disclosure - Supplemental Cash Flows Information - Schedule of Noncash Investing and Financing Activities (Details) </link:definition>
<link:usedOn> link:presentationLink </link:usedOn>
<link:usedOn> link:calculationLink </link:usedOn>
<link:usedOn> link:definitionLink </link:usedOn>
</link:roleType>
<link:roleType id="SupplementalCashFlowsInformationScheduleofNoncashInvestingandFinancingActivitiesDetails_1" roleURI="http://americanrealtyinvest.com/role/SupplementalCashFlowsInformationScheduleofNoncashInvestingandFinancingActivitiesDetails_1">
<link:definition> 9954488 - Disclosure - Supplemental Cash Flows Information - Schedule of Noncash Investing and Financing Activities (Details) </link:definition>
<link:usedOn> link:presentationLink </link:usedOn>
<link:usedOn> link:calculationLink </link:usedOn>
<link:usedOn> link:definitionLink </link:usedOn>
</link:roleType>
<link:roleType id="OperatingSegmentsScheduleofProfitbyReportableSegmentDetails" roleURI="http://americanrealtyinvest.com/role/OperatingSegmentsScheduleofProfitbyReportableSegmentDetails">
<link:definition> 9954489 - Disclosure - Operating Segments - Schedule of Profit by Reportable Segment (Details) </link:definition>
<link:usedOn> link:presentationLink </link:usedOn>
<link:usedOn> link:calculationLink </link:usedOn>
<link:usedOn> link:definitionLink </link:usedOn>
</link:roleType>
<link:roleType id="OperatingSegmentsScheduleofProfitbyReportableSegmenttoNetIncomeLossDetails" roleURI="http://americanrealtyinvest.com/role/OperatingSegmentsScheduleofProfitbyReportableSegmenttoNetIncomeLossDetails">
<link:definition> 9954490 - Disclosure - Operating Segments - Schedule of Profit by Reportable Segment to Net Income (Loss) (Details) </link:definition>
<link:usedOn> link:presentationLink </link:usedOn>
<link:usedOn> link:calculationLink </link:usedOn>
<link:usedOn> link:definitionLink </link:usedOn>
</link:roleType>
<link:roleType id="OperatingSegmentsScheduleofSegmentInformationtoConsolidatedBalanceSheetsDetails" roleURI="http://americanrealtyinvest.com/role/OperatingSegmentsScheduleofSegmentInformationtoConsolidatedBalanceSheetsDetails">
<link:definition> 9954491 - Disclosure - Operating Segments - Schedule of Segment Information to Consolidated Balance Sheets (Details) </link:definition>
<link:usedOn> link:presentationLink </link:usedOn>
<link:usedOn> link:calculationLink </link:usedOn>
<link:usedOn> link:definitionLink </link:usedOn>
</link:roleType>
<link:roleType id="LeaseRevenueScheduleofRentalRevenueDetails" roleURI="http://americanrealtyinvest.com/role/LeaseRevenueScheduleofRentalRevenueDetails">
<link:definition> 9954492 - Disclosure - Lease Revenue - Schedule of Rental Revenue (Details) </link:definition>
<link:usedOn> link:presentationLink </link:usedOn>
<link:usedOn> link:calculationLink </link:usedOn>
<link:usedOn> link:definitionLink </link:usedOn>
</link:roleType>
<link:roleType id="LeaseRevenueScheduleofFutureRentalPaymentsDetails" roleURI="http://americanrealtyinvest.com/role/LeaseRevenueScheduleofFutureRentalPaymentsDetails">
<link:definition> 9954493 - Disclosure - Lease Revenue - Schedule of Future Rental Payments (Details) </link:definition>
<link:usedOn> link:presentationLink </link:usedOn>
<link:usedOn> link:calculationLink </link:usedOn>
<link:usedOn> link:definitionLink </link:usedOn>
</link:roleType>
<link:roleType id="RealEstateActivityScheduleofRealEstateInvestmentComponentsDetails" roleURI="http://americanrealtyinvest.com/role/RealEstateActivityScheduleofRealEstateInvestmentComponentsDetails">
<link:definition> 9954494 - Disclosure - Real Estate Activity - Schedule of Real Estate Investment Components (Details) </link:definition>
<link:usedOn> link:presentationLink </link:usedOn>
<link:usedOn> link:calculationLink </link:usedOn>
<link:usedOn> link:definitionLink </link:usedOn>
</link:roleType>
<link:roleType id="RealEstateActivityNarrativeDetails" roleURI="http://americanrealtyinvest.com/role/RealEstateActivityNarrativeDetails">
<link:definition> 9954495 - Disclosure - Real Estate Activity - Narrative (Details) </link:definition>
<link:usedOn> link:presentationLink </link:usedOn>
<link:usedOn> link:calculationLink </link:usedOn>
<link:usedOn> link:definitionLink </link:usedOn>
</link:roleType>
<link:roleType id="RealEstateActivityScheduleofGainLossonSaleorWritedownofAssetsDetails" roleURI="http://americanrealtyinvest.com/role/RealEstateActivityScheduleofGainLossonSaleorWritedownofAssetsDetails">
<link:definition> 9954496 - Disclosure - Real Estate Activity - Schedule of Gain (Loss) on Sale or Write-down of Assets (Details) </link:definition>
<link:usedOn> link:presentationLink </link:usedOn>
<link:usedOn> link:calculationLink </link:usedOn>
<link:usedOn> link:definitionLink </link:usedOn>
</link:roleType>
<link:roleType id="ShorttermInvestmentsDetails" roleURI="http://americanrealtyinvest.com/role/ShorttermInvestmentsDetails">
<link:definition> 9954497 - Disclosure - Short-term Investments (Details) </link:definition>
<link:usedOn> link:presentationLink </link:usedOn>
<link:usedOn> link:calculationLink </link:usedOn>
<link:usedOn> link:definitionLink </link:usedOn>
</link:roleType>
<link:roleType id="NotesReceivableDetails" roleURI="http://americanrealtyinvest.com/role/NotesReceivableDetails">
<link:definition> 9954498 - Disclosure - Notes Receivable (Details) </link:definition>
<link:usedOn> link:presentationLink </link:usedOn>
<link:usedOn> link:calculationLink </link:usedOn>
<link:usedOn> link:definitionLink </link:usedOn>
</link:roleType>
<link:roleType id="InvestmentinUnconsolidatedJointVenturesNarrativeDetails" roleURI="http://americanrealtyinvest.com/role/InvestmentinUnconsolidatedJointVenturesNarrativeDetails">
<link:definition> 9954499 - Disclosure - Investment in Unconsolidated Joint Ventures - Narrative (Details) </link:definition>
<link:usedOn> link:presentationLink </link:usedOn>
<link:usedOn> link:calculationLink </link:usedOn>
<link:usedOn> link:definitionLink </link:usedOn>
</link:roleType>
<link:roleType id="InvestmentinUnconsolidatedJointVenturesScheduleofFinancialPositionAndResultsofOperationsFromOurInvesteesDetails" roleURI="http://americanrealtyinvest.com/role/InvestmentinUnconsolidatedJointVenturesScheduleofFinancialPositionAndResultsofOperationsFromOurInvesteesDetails">
<link:definition> 9954500 - Disclosure - Investment in Unconsolidated Joint Ventures - Schedule of Financial Position And Results of Operations From Our Investees (Details) </link:definition>
<link:usedOn> link:presentationLink </link:usedOn>
<link:usedOn> link:calculationLink </link:usedOn>
<link:usedOn> link:definitionLink </link:usedOn>
</link:roleType>
<link:roleType id="AcquisitionsNarrativeDetails" roleURI="http://americanrealtyinvest.com/role/AcquisitionsNarrativeDetails">
<link:definition> 9954501 - Disclosure - Acquisitions - Narrative (Details) </link:definition>
<link:usedOn> link:presentationLink </link:usedOn>
<link:usedOn> link:calculationLink </link:usedOn>
<link:usedOn> link:definitionLink </link:usedOn>
</link:roleType>
<link:roleType id="AcquisitionsScheduleofAssetAcquisitionOfPropertiesDetails" roleURI="http://americanrealtyinvest.com/role/AcquisitionsScheduleofAssetAcquisitionOfPropertiesDetails">
<link:definition> 9954502 - Disclosure - Acquisitions - Schedule of Asset Acquisition Of Properties (Details) </link:definition>
<link:usedOn> link:presentationLink </link:usedOn>
<link:usedOn> link:calculationLink </link:usedOn>
<link:usedOn> link:definitionLink </link:usedOn>
</link:roleType>
<link:roleType id="AcquisitionsScheduleofPreliminaryAllocationofTheFairValueDetails" roleURI="http://americanrealtyinvest.com/role/AcquisitionsScheduleofPreliminaryAllocationofTheFairValueDetails">
<link:definition> 9954503 - Disclosure - Acquisitions - Schedule of Preliminary Allocation of The Fair Value (Details) </link:definition>
<link:usedOn> link:presentationLink </link:usedOn>
<link:usedOn> link:calculationLink </link:usedOn>
<link:usedOn> link:definitionLink </link:usedOn>
</link:roleType>
<link:roleType id="AcquisitionsScheduleofPurchasePriceofAdditionalOwnershipInterestDetails" roleURI="http://americanrealtyinvest.com/role/AcquisitionsScheduleofPurchasePriceofAdditionalOwnershipInterestDetails">
<link:definition> 9954504 - Disclosure - Acquisitions - Schedule of Purchase Price of Additional Ownership Interest (Details) </link:definition>
<link:usedOn> link:presentationLink </link:usedOn>
<link:usedOn> link:calculationLink </link:usedOn>
<link:usedOn> link:definitionLink </link:usedOn>
</link:roleType>
<link:roleType id="MortgagesandOtherNotesPayableScheduleofDebtDetails" roleURI="http://americanrealtyinvest.com/role/MortgagesandOtherNotesPayableScheduleofDebtDetails">
<link:definition> 9954505 - Disclosure - Mortgages and Other Notes Payable - Schedule of Debt (Details) </link:definition>
<link:usedOn> link:presentationLink </link:usedOn>
<link:usedOn> link:calculationLink </link:usedOn>
<link:usedOn> link:definitionLink </link:usedOn>
</link:roleType>
<link:roleType id="MortgagesandOtherNotesPayableNarrativeDetails" roleURI="http://americanrealtyinvest.com/role/MortgagesandOtherNotesPayableNarrativeDetails">
<link:definition> 9954506 - Disclosure - Mortgages and Other Notes Payable - Narrative (Details) </link:definition>
<link:usedOn> link:presentationLink </link:usedOn>
<link:usedOn> link:calculationLink </link:usedOn>
<link:usedOn> link:definitionLink </link:usedOn>
</link:roleType>
<link:roleType id="MortgagesandOtherNotesPayableScheduleofFuturePrincipalPaymentsDetails" roleURI="http://americanrealtyinvest.com/role/MortgagesandOtherNotesPayableScheduleofFuturePrincipalPaymentsDetails">
<link:definition> 9954507 - Disclosure - Mortgages and Other Notes Payable - Schedule of Future Principal Payments (Details) </link:definition>
<link:usedOn> link:presentationLink </link:usedOn>
<link:usedOn> link:calculationLink </link:usedOn>
<link:usedOn> link:definitionLink </link:usedOn>
</link:roleType>
<link:roleType id="BondsPayableNarrativeDetails" roleURI="http://americanrealtyinvest.com/role/BondsPayableNarrativeDetails">
<link:definition> 9954508 - Disclosure - Bonds Payable - Narrative (Details) </link:definition>
<link:usedOn> link:presentationLink </link:usedOn>
<link:usedOn> link:calculationLink </link:usedOn>
<link:usedOn> link:definitionLink </link:usedOn>
</link:roleType>
<link:roleType id="BondsPayableScheduleofLongtermDebtInstrumentsDetails" roleURI="http://americanrealtyinvest.com/role/BondsPayableScheduleofLongtermDebtInstrumentsDetails">
<link:definition> 9954509 - Disclosure - Bonds Payable - Schedule of Long-term Debt Instruments (Details) </link:definition>
<link:usedOn> link:presentationLink </link:usedOn>
<link:usedOn> link:calculationLink </link:usedOn>
<link:usedOn> link:definitionLink </link:usedOn>
</link:roleType>
<link:roleType id="RelatedPartyTransactionsDetails" roleURI="http://americanrealtyinvest.com/role/RelatedPartyTransactionsDetails">
<link:definition> 9954510 - Disclosure - Related Party Transactions (Details) </link:definition>
<link:usedOn> link:presentationLink </link:usedOn>
<link:usedOn> link:calculationLink </link:usedOn>
<link:usedOn> link:definitionLink </link:usedOn>
</link:roleType>
<link:roleType id="NoncontrollingInterestsDetails" roleURI="http://americanrealtyinvest.com/role/NoncontrollingInterestsDetails">
<link:definition> 9954511 - Disclosure - Noncontrolling Interests (Details) </link:definition>
<link:usedOn> link:presentationLink </link:usedOn>
<link:usedOn> link:calculationLink </link:usedOn>
<link:usedOn> link:definitionLink </link:usedOn>
</link:roleType>
<link:roleType id="StockholdersEquityDetails" roleURI="http://americanrealtyinvest.com/role/StockholdersEquityDetails">
<link:definition> 9954512 - Disclosure - Stockholders Equity (Details) </link:definition>
<link:usedOn> link:presentationLink </link:usedOn>
<link:usedOn> link:calculationLink </link:usedOn>
<link:usedOn> link:definitionLink </link:usedOn>
</link:roleType>
<link:roleType id="DeferredIncomeDetails" roleURI="http://americanrealtyinvest.com/role/DeferredIncomeDetails">
<link:definition> 9954513 - Disclosure - Deferred Income (Details) </link:definition>
<link:usedOn> link:presentationLink </link:usedOn>
<link:usedOn> link:calculationLink </link:usedOn>
<link:usedOn> link:definitionLink </link:usedOn>
</link:roleType>
<link:roleType id="IncomeTaxesScheduleofIncomeTaxExpenseBenefitDetails" roleURI="http://americanrealtyinvest.com/role/IncomeTaxesScheduleofIncomeTaxExpenseBenefitDetails">
<link:definition> 9954514 - Disclosure - Income Taxes - Schedule of Income Tax Expense (Benefit) (Details) </link:definition>
<link:usedOn> link:presentationLink </link:usedOn>
<link:usedOn> link:calculationLink </link:usedOn>
<link:usedOn> link:definitionLink </link:usedOn>
</link:roleType>
<link:roleType id="IncomeTaxesScheduleofEffectiveIncomeTaxRateReconciliationDetails" roleURI="http://americanrealtyinvest.com/role/IncomeTaxesScheduleofEffectiveIncomeTaxRateReconciliationDetails">
<link:definition> 9954515 - Disclosure - Income Taxes - Schedule of Effective Income Tax Rate Reconciliation (Details) </link:definition>
<link:usedOn> link:presentationLink </link:usedOn>
<link:usedOn> link:calculationLink </link:usedOn>
<link:usedOn> link:definitionLink </link:usedOn>
</link:roleType>
<link:roleType id="IncomeTaxesScheduleofDeferredTaxAssetsandLiabilitiesDetails" roleURI="http://americanrealtyinvest.com/role/IncomeTaxesScheduleofDeferredTaxAssetsandLiabilitiesDetails">
<link:definition> 9954516 - Disclosure - Income Taxes - Schedule of Deferred Tax Assets and Liabilities (Details) </link:definition>
<link:usedOn> link:presentationLink </link:usedOn>
<link:usedOn> link:calculationLink </link:usedOn>
<link:usedOn> link:definitionLink </link:usedOn>
</link:roleType>
<link:roleType id="QuarterlyResultsofOperationsDetails" roleURI="http://americanrealtyinvest.com/role/QuarterlyResultsofOperationsDetails">
<link:definition> 9954517 - Disclosure - Quarterly Results of Operations (Details) </link:definition>
<link:usedOn> link:presentationLink </link:usedOn>
<link:usedOn> link:calculationLink </link:usedOn>
<link:usedOn> link:definitionLink </link:usedOn>
</link:roleType>
<link:roleType id="SCHEDULEIIIREALESTATEANDACCUMULATEDDEPRECIATIONScheduleofRealEstateandAccumulatedDepreciationDetails" roleURI="http://americanrealtyinvest.com/role/SCHEDULEIIIREALESTATEANDACCUMULATEDDEPRECIATIONScheduleofRealEstateandAccumulatedDepreciationDetails">
<link:definition> 9954518 - Disclosure - SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION - Schedule of Real Estate and Accumulated Depreciation (Details) </link:definition>
<link:usedOn> link:presentationLink </link:usedOn>
<link:usedOn> link:calculationLink </link:usedOn>
<link:usedOn> link:definitionLink </link:usedOn>
</link:roleType>
<link:roleType id="SCHEDULEIIIREALESTATEANDACCUMULATEDDEPRECIATIONReconciliationofRealEstateandAccumulatedDepreciationDetails" roleURI="http://americanrealtyinvest.com/role/SCHEDULEIIIREALESTATEANDACCUMULATEDDEPRECIATIONReconciliationofRealEstateandAccumulatedDepreciationDetails">
<link:definition> 9954519 - Disclosure - SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION - Reconciliation of Real Estate and Accumulated Depreciation (Details) </link:definition>
<link:usedOn> link:presentationLink </link:usedOn>
<link:usedOn> link:calculationLink </link:usedOn>
<link:usedOn> link:definitionLink </link:usedOn>
</link:roleType>
<link:roleType id="SCHEDULEIVMORTGAGELOANSScheduleofMortgageLoansDetails" roleURI="http://americanrealtyinvest.com/role/SCHEDULEIVMORTGAGELOANSScheduleofMortgageLoansDetails">
<link:definition> 9954520 - Disclosure - SCHEDULE IV - MORTGAGE LOANS - Schedule of Mortgage Loans (Details) </link:definition>
<link:usedOn> link:presentationLink </link:usedOn>
<link:usedOn> link:calculationLink </link:usedOn>
<link:usedOn> link:definitionLink </link:usedOn>
</link:roleType>
<link:roleType id="SCHEDULEIVMORTGAGELOANSRollForwardDetails" roleURI="http://americanrealtyinvest.com/role/SCHEDULEIVMORTGAGELOANSRollForwardDetails">
<link:definition> 9954521 - Disclosure - SCHEDULE IV - MORTGAGE LOANS - Roll Forward (Details) </link:definition>
<link:usedOn> link:presentationLink </link:usedOn>
<link:usedOn> link:calculationLink </link:usedOn>
<link:usedOn> link:definitionLink </link:usedOn>
</link:roleType>
</xs:appinfo>
</xs:annotation>
<xs:element id="arl_PhillipsFoundationForBetterLivingInc.Member" abstract="true" name="PhillipsFoundationForBetterLivingInc.Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
<xs:element id="arl_ParcAtDenhamSpringsPhaseIIMember" abstract="true" name="ParcAtDenhamSpringsPhaseIIMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
<xs:element id="arl_DebtInstrumentNumberOfInstruments" abstract="false" name="DebtInstrumentNumberOfInstruments" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="xbrli:integerItemType"/>
<xs:element id="arl_KensingtonParkMember" abstract="true" name="KensingtonParkMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
<xs:element id="arl_InwoodOnTheParkMember" abstract="true" name="InwoodOnTheParkMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
<xs:element id="arl_BasisAdjustmentsInAffiliatesSubsidiariesAssociatesAndJointVentures" abstract="false" name="BasisAdjustmentsInAffiliatesSubsidiariesAssociatesAndJointVentures" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
<xs:element id="arl_PaymentsForRepurchaseOfEquityByNoncontrollingInterest" abstract="false" name="PaymentsForRepurchaseOfEquityByNoncontrollingInterest" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
<xs:element id="arl_DeferredTaxAssetsDeferredGain" abstract="false" name="DeferredTaxAssetsDeferredGain" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
<xs:element id="arl_StanfordCenterMember" abstract="true" name="StanfordCenterMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
<xs:element id="arl_AreaOfLandCollateral" abstract="false" name="AreaOfLandCollateral" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="dtr-types1:areaItemType"/>
<xs:element id="arl_OneRealcoLandHoldingIncMember" abstract="true" name="OneRealcoLandHoldingIncMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
<xs:element id="arl_DeferredTaxLiabilitiesNetBeforeValuationAllowance" abstract="false" name="DeferredTaxLiabilitiesNetBeforeValuationAllowance" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
<xs:element id="arl_NumberOfFranchisedLocations" abstract="false" name="NumberOfFranchisedLocations" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:integerItemType"/>
<xs:element id="arl_FruitlandParkMember" abstract="true" name="FruitlandParkMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
<xs:element id="arl_AmericanRealtyInvestorsIncMember" abstract="true" name="AmericanRealtyInvestorsIncMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
<xs:element id="arl_MultifamilySegmentMember" abstract="true" name="MultifamilySegmentMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
<xs:element id="arl_ForestPinesMember" abstract="true" name="ForestPinesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
<xs:element id="arl_SpartanLandMember" abstract="true" name="SpartanLandMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
<xs:element id="arl_PillarAndRegisMember" abstract="true" name="PillarAndRegisMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
<xs:element id="arl_ABCLandAndDevelopmentIncMember" abstract="true" name="ABCLandAndDevelopmentIncMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
<xs:element id="arl_MercerCrossingMember" abstract="true" name="MercerCrossingMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
<xs:element id="arl_RCMHCEnterprisesMember" abstract="true" name="RCMHCEnterprisesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
<xs:element id="arl_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilitiesMortgageNotesPayable" abstract="false" name="BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilitiesMortgageNotesPayable" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
<xs:element id="arl_ToulonMember" abstract="true" name="ToulonMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
<xs:element id="arl_MacquarieGroupMember" abstract="true" name="MacquarieGroupMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
<xs:element id="arl_OceanEstatesMember" abstract="true" name="OceanEstatesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
<xs:element id="arl_SugarMillPhaseIIIMember" abstract="true" name="SugarMillPhaseIIIMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
<xs:element id="arl_OverlookAtAllensvillePhaseIIApartmentsMember" abstract="true" name="OverlookAtAllensvillePhaseIIApartmentsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
<xs:element id="arl_PlazaAtChaseOaksMember" abstract="true" name="PlazaAtChaseOaksMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
<xs:element id="arl_BondsPayableNet" abstract="false" name="BondsPayableNet" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
<xs:element id="arl_AthensMember" abstract="true" name="AthensMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
<xs:element id="arl_ForestGroveMember" abstract="true" name="ForestGroveMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
<xs:element id="arl_BellwetherRidgeMember" abstract="true" name="BellwetherRidgeMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
<xs:element id="arl_WindmillFarmsMember" abstract="true" name="WindmillFarmsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
<xs:element id="arl_PillarMember" abstract="true" name="PillarMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
<xs:element id="arl_VAASalePortfolioMember" abstract="true" name="VAASalePortfolioMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
<xs:element id="arl_NumberOfRemainingOperationalProperties" abstract="false" name="NumberOfRemainingOperationalProperties" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="xbrli:integerItemType"/>
<xs:element id="arl_EQKPortageLandMember" abstract="true" name="EQKPortageLandMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
<xs:element id="arl_BrowningPlaceMember" abstract="true" name="BrowningPlaceMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
<xs:element id="arl_SteepleCrestMember" abstract="true" name="SteepleCrestMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
<xs:element id="arl_DevelopmentalProjectsMember" abstract="true" name="DevelopmentalProjectsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
<xs:element id="arl_BondsPayableInterestRate" abstract="false" name="BondsPayableInterestRate" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:percentItemType"/>
<xs:element id="arl_RealEstateInvestmentPropertyExcludingRealEstateHeldForSaleAtCost" abstract="false" name="RealEstateInvestmentPropertyExcludingRealEstateHeldForSaleAtCost" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
<xs:element id="arl_RealEstateInvestmentOwnershipPercentageSold" abstract="false" name="RealEstateInvestmentOwnershipPercentageSold" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:percentItemType"/>
<xs:element id="arl_SpyglassOfEnnisMember" abstract="true" name="SpyglassOfEnnisMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
<xs:element id="arl_DebtInstrumentExtensionTerm" abstract="false" name="DebtInstrumentExtensionTerm" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:durationItemType"/>
<xs:element id="arl_McKinneyRanchMember" abstract="true" name="McKinneyRanchMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
<xs:element id="arl_LakeShoreVillasMember" abstract="true" name="LakeShoreVillasMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
<xs:element id="arl_CommercialHeldforInvestmentMember" abstract="true" name="CommercialHeldforInvestmentMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
<xs:element id="arl_ABCParadiseLLCMember" abstract="true" name="ABCParadiseLLCMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
<xs:element id="arl_UHFAndPillarMember" abstract="true" name="UHFAndPillarMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
<xs:element id="arl_ParcAtDenhamSpringsMember" abstract="true" name="ParcAtDenhamSpringsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
<xs:element id="arl_ResidencesAtHollandLakeMember" abstract="true" name="ResidencesAtHollandLakeMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
<xs:element id="arl_LiabilitiesAssumedByJointVenture" abstract="false" name="LiabilitiesAssumedByJointVenture" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
<xs:element id="arl_BusinessCombinationStepAcquisitionEquityInterestInAcquireeAfterInterestAcquiredPercentage" abstract="false" name="BusinessCombinationStepAcquisitionEquityInterestInAcquireeAfterInterestAcquiredPercentage" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="dtr-types1:percentItemType"/>
<xs:element id="arl_IncomeOpportunityRealtyInvestorsIncMember" abstract="true" name="IncomeOpportunityRealtyInvestorsIncMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
<xs:element id="arl_DistributionFromJointVentureAppliedToEarnOutObligation" abstract="false" name="DistributionFromJointVentureAppliedToEarnOutObligation" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
<xs:element id="arl_BondAndBondInterestPayable" abstract="false" name="BondAndBondInterestPayable" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
<xs:element id="arl_NorthsideOnTravisMember" abstract="true" name="NorthsideOnTravisMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
<xs:element id="arl_SPCSubsidiaryMember" abstract="true" name="SPCSubsidiaryMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
<xs:element id="arl_ParcAtOpelikaMember" abstract="true" name="ParcAtOpelikaMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
<xs:element id="arl_SeriesABondsMember" abstract="true" name="SeriesABondsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
<xs:element id="arl_ProceedsFromMortgagesNotesAndBondsPayable" abstract="false" name="ProceedsFromMortgagesNotesAndBondsPayable" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
<xs:element id="arl_AssetsAcquiredInExchangeForRelatedPartyReceivable" abstract="false" name="AssetsAcquiredInExchangeForRelatedPartyReceivable" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
<xs:element id="arl_TimbersAtTheParkMember" abstract="true" name="TimbersAtTheParkMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
<xs:element id="arl_PlumTreeMember" abstract="true" name="PlumTreeMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
<xs:element id="arl_LakeWalesMember" abstract="true" name="LakeWalesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
<xs:element id="arl_NonconvertibleBondsMember" abstract="true" name="NonconvertibleBondsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
<xs:element id="arl_SeriesCBondsMember" abstract="true" name="SeriesCBondsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
<xs:element id="arl_CashShortTermInvestmentsAndOtherAssets" abstract="false" name="CashShortTermInvestmentsAndOtherAssets" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
<xs:element id="arl_RelatedPartyEntitiesMember" abstract="true" name="RelatedPartyEntitiesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
<xs:element id="arl_RealEstateInvestmentAppraisedValue" abstract="false" name="RealEstateInvestmentAppraisedValue" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
<xs:element id="arl_TranscontinentalRealtyInvestorsIncMember" abstract="true" name="TranscontinentalRealtyInvestorsIncMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
<xs:element id="arl_EarnOutProvisionTerm" abstract="false" name="EarnOutProvisionTerm" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:durationItemType"/>
<xs:element id="arl_VistaRidgeMember" abstract="true" name="VistaRidgeMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
<xs:element id="arl_BondsPayable" abstract="false" name="BondsPayable" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
<xs:element id="arl_ContributionsToJointVentureMember" abstract="true" name="ContributionsToJointVentureMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
<xs:element id="arl_LandHeldforInvestmentMember" abstract="true" name="LandHeldforInvestmentMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
<xs:element id="arl_GruppaFlorentinaLLCMember" abstract="true" name="GruppaFlorentinaLLCMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
<xs:element id="arl_RiverviewOnTheParkLandLLCMember" abstract="true" name="RiverviewOnTheParkLandLLCMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
<xs:element id="arl_UnconsolidatedJointVenturesMember" abstract="true" name="UnconsolidatedJointVenturesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
<xs:element id="arl_AuditInformationAbstract" abstract="true" name="AuditInformationAbstract" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:stringItemType"/>
<xs:element id="arl_LegacyAtPleasantGroveMember" abstract="true" name="LegacyAtPleasantGroveMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
<xs:element id="arl_VillasOfParkWestIIMember" abstract="true" name="VillasOfParkWestIIMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
<xs:element id="arl_DeferredTaxLiabilitiesDeferredGain" abstract="false" name="DeferredTaxLiabilitiesDeferredGain" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
<xs:element id="arl_LandingOnBayouCaneMember" abstract="true" name="LandingOnBayouCaneMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
<xs:element id="arl_MayRealtyHoldingsIncMember" abstract="true" name="MayRealtyHoldingsIncMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
<xs:element id="arl_DominionAtMercerCrossingMember" abstract="true" name="DominionAtMercerCrossingMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
<xs:element id="arl_VAAHoldbackPortfolioMember" abstract="true" name="VAAHoldbackPortfolioMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
<xs:element id="arl_ParcAtWindmillFarmsMember" abstract="true" name="ParcAtWindmillFarmsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
<xs:element id="arl_RegisMember" abstract="true" name="RegisMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
<xs:element id="arl_BondsPayableTextBlock" abstract="false" name="BondsPayableTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:textBlockItemType"/>
<xs:element id="arl_QuarterlyDividendsPayable" abstract="false" name="QuarterlyDividendsPayable" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="dtr-types1:perShareItemType"/>
<xs:element id="arl_EffectiveIncomeTaxRateReconciliationAMTRefund" abstract="false" name="EffectiveIncomeTaxRateReconciliationAMTRefund" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
<xs:element id="arl_VillasAtBonSecourMember" abstract="true" name="VillasAtBonSecourMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
<xs:element id="arl_ParcAtInglesideMember" abstract="true" name="ParcAtInglesideMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
<xs:element id="arl_VictoryAbodeApartmentsLLCMember" abstract="true" name="VictoryAbodeApartmentsLLCMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
<xs:element id="arl_DeferredGainOnSaleOfPropertyTextBlock" abstract="false" name="DeferredGainOnSaleOfPropertyTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:textBlockItemType"/>
<xs:element id="arl_RelatedPartiesPolicyTextBlock" abstract="false" name="RelatedPartiesPolicyTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:textBlockItemType"/>
<xs:element id="arl_BusinessCombinationStepAcquisitionEquityInterestInAcquireeCarryingValue" abstract="false" name="BusinessCombinationStepAcquisitionEquityInterestInAcquireeCarryingValue" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
<xs:element id="arl_AutumnBreezeMember" abstract="true" name="AutumnBreezeMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
<xs:element id="arl_AssetsDistributedFromJointVenture" abstract="false" name="AssetsDistributedFromJointVenture" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
<xs:element id="arl_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilitiesAccruedInterest" abstract="false" name="BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilitiesAccruedInterest" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
<xs:element id="arl_BanderaRidgeMember" abstract="true" name="BanderaRidgeMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
<xs:element id="arl_OriginationAndAdvancesOfNotesReceivable" abstract="false" name="OriginationAndAdvancesOfNotesReceivable" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
<xs:element id="arl_ScheduleOfGainLossOnSaleOrWriteDownOfAssetsTableTextBlock" abstract="false" name="ScheduleOfGainLossOnSaleOrWriteDownOfAssetsTableTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:textBlockItemType"/>
<xs:element id="arl_FinancingReceivableConvertibleConversionFeatureOwnershipInterest" abstract="false" name="FinancingReceivableConvertibleConversionFeatureOwnershipInterest" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:percentItemType"/>
<xs:element id="arl_AngeloVitosPizzeriasMember" abstract="true" name="AngeloVitosPizzeriasMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
<xs:element id="arl_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssetsRealEstate" abstract="false" name="BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssetsRealEstate" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
<xs:element id="arl_AdvisoryFeeToRelatedParty" abstract="false" name="AdvisoryFeeToRelatedParty" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
<xs:element id="arl_PolkCountryLandMember" abstract="true" name="PolkCountryLandMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
<xs:element id="arl_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssetsOther" abstract="false" name="BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssetsOther" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
<xs:element id="arl_OtherCommercialMember" abstract="true" name="OtherCommercialMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
<xs:element id="arl_EchoStationMember" abstract="true" name="EchoStationMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
<xs:element id="arl_BlueLakeVillasMember" abstract="true" name="BlueLakeVillasMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
<xs:element id="arl_RealEstateDevelopmentAgreementConstructionRelatedFee" abstract="false" name="RealEstateDevelopmentAgreementConstructionRelatedFee" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
<xs:element id="arl_OverlookAtAllenvillePhaseIIMember" abstract="true" name="OverlookAtAllenvillePhaseIIMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
<xs:element id="arl_RepaymentOfMortgagesNotesAndBondsPayable" abstract="false" name="RepaymentOfMortgagesNotesAndBondsPayable" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
<xs:element id="arl_VillasOfParkWestIMember" abstract="true" name="VillasOfParkWestIMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
<xs:element id="arl_SecuredOvernightFinancingRateSOFRMember" abstract="true" name="SecuredOvernightFinancingRateSOFRMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
<xs:element id="arl_CommercialSegmentsMember" abstract="true" name="CommercialSegmentsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
<xs:element id="arl_SeriesBBondsMember" abstract="true" name="SeriesBBondsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
<xs:element id="arl_FinancingReceivableAccruedInterestAfterAllowanceForCreditLossStatementOfFinancialPositionExtensibleListNotDisclosedFlag" abstract="false" name="FinancingReceivableAccruedInterestAfterAllowanceForCreditLossStatementOfFinancialPositionExtensibleListNotDisclosedFlag" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:stringItemType"/>
<xs:element id="arl_TuscanyVillasMember" abstract="true" name="TuscanyVillasMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
<xs:element id="arl_OtherLandMember" abstract="true" name="OtherLandMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
<xs:element id="arl_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilitiesAccountsPayableAndOtherLiabilities" abstract="false" name="BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilitiesAccountsPayableAndOtherLiabilities" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
<xs:element id="arl_GruppaFlorentinaLlcMember" abstract="true" name="GruppaFlorentinaLlcMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
<xs:element id="arl_NewConceptEnergyMember" abstract="true" name="NewConceptEnergyMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
<xs:element id="arl_CommercialPropertiesMember" abstract="true" name="CommercialPropertiesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
<xs:element id="arl_LegacyPleasantGroveMember" abstract="true" name="LegacyPleasantGroveMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
<xs:element id="arl_LasColinasMember" abstract="true" name="LasColinasMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
<xs:element id="arl_SupplementalCashFlowElementsRollForward" abstract="true" name="SupplementalCashFlowElementsRollForward" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:stringItemType"/>
<xs:element id="arl_NumberOfRealEstatePropertiesUnderEarnOutProvision" abstract="false" name="NumberOfRealEstatePropertiesUnderEarnOutProvision" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="xbrli:integerItemType"/>
<xs:element id="arl_DeferredTaxAssetsNetBeforeValuationAllowance" abstract="false" name="DeferredTaxAssetsNetBeforeValuationAllowance" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
<xs:element id="arl_DebtInstrumentNumberOfExtensionOptions" abstract="false" name="DebtInstrumentNumberOfExtensionOptions" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="xbrli:integerItemType"/>
<xs:element id="arl_CascadesAtSpringStreetMember" abstract="true" name="CascadesAtSpringStreetMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
<xs:element id="arl_A770SouthPostOakMember" abstract="true" name="A770SouthPostOakMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
<xs:element id="arl_ChelseaMember" abstract="true" name="ChelseaMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
<xs:element id="arl_BlueLakeVillasPhaseIIMember" abstract="true" name="BlueLakeVillasPhaseIIMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
</xs:schema>

Top
Filing Submission 0001102238-24-000004   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

Copyright © 2024 Fran Finnegan & Company LLC – All Rights Reserved.
AboutPrivacyRedactionsHelp — Fri., May 17, 5:05:59.1pm ET