EXHIBIT 99.1

                Certification Pursuant to 18 U.S.C. Section 1350,
      as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

In connection with Amendment No. 1 to the Quarterly Report of American Realty
Investors, Inc. (the "Company"), on Form 10-Q/A for the period ended March 31,
2002, as filed with Securities Exchange Commission on the date hereof (the
"Report"), I, Ronald E. Kimbrough, Executive Vice President and Chief Financial
Officer, Principal Financial and Accounting Officer and Acting Principal
Executive Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350,
as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

1.   The Report fully complies with the requirements of section 13(a) or 15(d)
     of the Securities Exchange Act of 1934; and

2.   The information contained in the Report fairly presents, in all material
     respects, the financial condition and result of operations of the Company.


Date:   October 11, 2002                     /s/ Ronald E. Kimbrough
     ------------------------              -----------------------------------
                                           Ronald E. Kimbrough
                                           Executive Vice President
                                           and Chief Financial Officer
                                           (Principal Financial and
                                           Accounting Officer and
                                           Acting Principal Executive Officer

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