American Realty Investors, a New York Stock Exchange Company (NYSE: ARL), maintains a 38-year commitment to greater shareholder value through the acquisition, financing, operation and sale of real estate and real estate assets.

American Realty is highly diverse in location, with a portfolio of properties strategically located throughout the United States. Its holdings include apartments, office buildings, retail centers and parcels of land. At the time of purchase, acquisitions are often referred to as "undervalued" or "underdeveloped." Under ARI ownership, value is added through physical improvements as well as management improvements. The result is increased income through higher rental and occupancy rates and increased income.

ARI was formed through the business combination of American Realty Trust, Inc. and National Realty, L.P.

The Corporate Governance Guidelines

The Code of Ethics for Senior Financial Officers

The Code of Business Conduct and Ethics

Audit Committee Calendar

Audit Committee Charter

Director Independence Standards

Charter of Governance and Nominating Committee

Charter of Compensation Committee

2007 Annual Report
2008 10Q
Earnings Release