DALLAS, Aug. 1, 2001 (PRIMEZONE) -- American Realty Investors, Inc. (NYSE:ARL) announced Wednesday that Mark W. Branigan, an ARI officer, has resigned from the company's board of directors. Branigan, who continues in his duties as executive vice president - real estate development, had served on the ARI board since September 2000.
Of the four remaining American Realty board members, three are independent directors.
American Realty Investors, Inc., a Dallas-based real estate investment company, holds a diverse portfolio of equity real estate located across the U.S., including office buildings, apartments, hotels, shopping centers, and developed and undeveloped land. The company also has interests in mortgage loans and real estate-related entities. For more information on the company, go to www.amrealtytrust.com.