{"schema_version":"secwatch.filing_event.v1","accession":"0001102238-24-000010","form_type":"8-K","ticker":"ARL","cik":"0001102238","company_name":"AMERICAN REALTY INVESTORS INC","filed_at":"2024-05-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:17.293652+00:00","generated_at":"2026-06-02T16:01:07.283426+00:00","sec_items":["8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"medium","headline":"American Realty restructures advisory fees into Net Asset Value Fee plus reimbursements","bullets":["New fee structure: Gross Asset Fee of 0.0625% per month (0.75% annual) of average Gross Asset Value.","Net Income Fee of 7.5% per annum of Adjusted Net Income, paid quarterly after SEC filings.","Agreement effective Jan 1, 2024, restates original 2011 agreement; no change in duties or responsibilities.","Pillar continues as advisor; fees consolidated into single Net Asset Value Fee plus specified allocated reimbursements.","Reimbursement includes pro-rata share of Advisor's personnel expenses and travel costs."],"urls":{"canonical":"https://secwatch.observer/filing/0001102238-24-000010","json":"https://secwatch.observer/filing/0001102238-24-000010.json","markdown":"https://secwatch.observer/filing/0001102238-24-000010.md","text":"https://secwatch.observer/filing/0001102238-24-000010.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1102238/000110223824000010/0001102238-24-000010-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1102238/000110223824000010/arl-20240507.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T16:01:07.283426+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}