<?xml version="1.0" encoding="UTF-8"?>

<!--XBRL Document Created with the Workiva Platform-->
<!--Copyright 2026 Workiva-->
<!--r:019fc3b6-a204-7a45-be89-ca5cb5ac520d,g:c37040ec-ded6-4a4d-b4b3-b726a17156f8-->
<link:linkbase xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
  <link:roleRef roleURI="http://americanrealtyinvest.com/role/Cover" xlink:type="simple" xlink:href="arl-20260806.xsd#Cover"/>
  <link:presentationLink xlink:role="http://americanrealtyinvest.com/role/Cover" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_dei_CoverAbstract_019fc3b6-a204-7466-a363-eafa3511e7fc" xlink:href="https://xbrl.sec.gov/dei/2026/dei-2026.xsd#dei_CoverAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentType_019fc3b6-a204-7ae0-93ae-bdffaa712068" xlink:href="https://xbrl.sec.gov/dei/2026/dei-2026.xsd#dei_DocumentType"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_019fc3b6-a204-7466-a363-eafa3511e7fc" xlink:to="loc_dei_DocumentType_019fc3b6-a204-7ae0-93ae-bdffaa712068" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentPeriodEndDate_019fc3b6-a204-74c3-977b-b585d0bfe201" xlink:href="https://xbrl.sec.gov/dei/2026/dei-2026.xsd#dei_DocumentPeriodEndDate"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_019fc3b6-a204-7466-a363-eafa3511e7fc" xlink:to="loc_dei_DocumentPeriodEndDate_019fc3b6-a204-74c3-977b-b585d0bfe201" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityRegistrantName_019fc3b6-a204-7476-8932-ac911fa9699e" xlink:href="https://xbrl.sec.gov/dei/2026/dei-2026.xsd#dei_EntityRegistrantName"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_019fc3b6-a204-7466-a363-eafa3511e7fc" xlink:to="loc_dei_EntityRegistrantName_019fc3b6-a204-7476-8932-ac911fa9699e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityIncorporationStateCountryCode_019fc3b6-a204-7188-9fe6-b235355278c6" xlink:href="https://xbrl.sec.gov/dei/2026/dei-2026.xsd#dei_EntityIncorporationStateCountryCode"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_019fc3b6-a204-7466-a363-eafa3511e7fc" xlink:to="loc_dei_EntityIncorporationStateCountryCode_019fc3b6-a204-7188-9fe6-b235355278c6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityFileNumber_019fc3b6-a204-7c48-b3c6-5842aadd50c7" xlink:href="https://xbrl.sec.gov/dei/2026/dei-2026.xsd#dei_EntityFileNumber"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_019fc3b6-a204-7466-a363-eafa3511e7fc" xlink:to="loc_dei_EntityFileNumber_019fc3b6-a204-7c48-b3c6-5842aadd50c7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityTaxIdentificationNumber_019fc3b6-a204-7e2f-a4d1-61daf78d518d" xlink:href="https://xbrl.sec.gov/dei/2026/dei-2026.xsd#dei_EntityTaxIdentificationNumber"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_019fc3b6-a204-7466-a363-eafa3511e7fc" xlink:to="loc_dei_EntityTaxIdentificationNumber_019fc3b6-a204-7e2f-a4d1-61daf78d518d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressAddressLine1_019fc3b6-a204-7769-967f-2453a33d54be" xlink:href="https://xbrl.sec.gov/dei/2026/dei-2026.xsd#dei_EntityAddressAddressLine1"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_019fc3b6-a204-7466-a363-eafa3511e7fc" xlink:to="loc_dei_EntityAddressAddressLine1_019fc3b6-a204-7769-967f-2453a33d54be" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressAddressLine2_019fc3b6-a204-7d9e-96f0-237693c202b8" xlink:href="https://xbrl.sec.gov/dei/2026/dei-2026.xsd#dei_EntityAddressAddressLine2"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_019fc3b6-a204-7466-a363-eafa3511e7fc" xlink:to="loc_dei_EntityAddressAddressLine2_019fc3b6-a204-7d9e-96f0-237693c202b8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressCityOrTown_019fc3b6-a204-7628-9b56-6e65f04834cf" xlink:href="https://xbrl.sec.gov/dei/2026/dei-2026.xsd#dei_EntityAddressCityOrTown"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_019fc3b6-a204-7466-a363-eafa3511e7fc" xlink:to="loc_dei_EntityAddressCityOrTown_019fc3b6-a204-7628-9b56-6e65f04834cf" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressStateOrProvince_019fc3b6-a204-7c99-b8d6-9ce6bf64500a" xlink:href="https://xbrl.sec.gov/dei/2026/dei-2026.xsd#dei_EntityAddressStateOrProvince"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_019fc3b6-a204-7466-a363-eafa3511e7fc" xlink:to="loc_dei_EntityAddressStateOrProvince_019fc3b6-a204-7c99-b8d6-9ce6bf64500a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressPostalZipCode_019fc3b6-a204-75e1-ad0a-4d721fc7efb4" xlink:href="https://xbrl.sec.gov/dei/2026/dei-2026.xsd#dei_EntityAddressPostalZipCode"/>
    <link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_019fc3b6-a204-7466-a363-eafa3511e7fc" xlink:to="loc_dei_EntityAddressPostalZipCode_019fc3b6-a204-75e1-ad0a-4d721fc7efb4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_CityAreaCode_019fc3b6-a204-73f8-9f1c-825819b1e84c" xlink:href="https://xbrl.sec.gov/dei/2026/dei-2026.xsd#dei_CityAreaCode"/>
    <link:presentationArc order="12" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_019fc3b6-a204-7466-a363-eafa3511e7fc" xlink:to="loc_dei_CityAreaCode_019fc3b6-a204-73f8-9f1c-825819b1e84c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_LocalPhoneNumber_019fc3b6-a204-7f6f-a6ba-bdd925569c9d" xlink:href="https://xbrl.sec.gov/dei/2026/dei-2026.xsd#dei_LocalPhoneNumber"/>
    <link:presentationArc order="13" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_019fc3b6-a204-7466-a363-eafa3511e7fc" xlink:to="loc_dei_LocalPhoneNumber_019fc3b6-a204-7f6f-a6ba-bdd925569c9d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_WrittenCommunications_019fc3b6-a204-7bd1-81c1-c8ea8caee616" xlink:href="https://xbrl.sec.gov/dei/2026/dei-2026.xsd#dei_WrittenCommunications"/>
    <link:presentationArc order="14" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_019fc3b6-a204-7466-a363-eafa3511e7fc" xlink:to="loc_dei_WrittenCommunications_019fc3b6-a204-7bd1-81c1-c8ea8caee616" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_SolicitingMaterial_019fc3b6-a204-7d08-a82c-75dfeb8bb537" xlink:href="https://xbrl.sec.gov/dei/2026/dei-2026.xsd#dei_SolicitingMaterial"/>
    <link:presentationArc order="15" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_019fc3b6-a204-7466-a363-eafa3511e7fc" xlink:to="loc_dei_SolicitingMaterial_019fc3b6-a204-7d08-a82c-75dfeb8bb537" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_PreCommencementTenderOffer_019fc3b6-a204-78d5-8ac0-bc6c063a6396" xlink:href="https://xbrl.sec.gov/dei/2026/dei-2026.xsd#dei_PreCommencementTenderOffer"/>
    <link:presentationArc order="16" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_019fc3b6-a204-7466-a363-eafa3511e7fc" xlink:to="loc_dei_PreCommencementTenderOffer_019fc3b6-a204-78d5-8ac0-bc6c063a6396" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_PreCommencementIssuerTenderOffer_019fc3b6-a204-767c-94e8-3c27cd93d1b9" xlink:href="https://xbrl.sec.gov/dei/2026/dei-2026.xsd#dei_PreCommencementIssuerTenderOffer"/>
    <link:presentationArc order="17" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_019fc3b6-a204-7466-a363-eafa3511e7fc" xlink:to="loc_dei_PreCommencementIssuerTenderOffer_019fc3b6-a204-767c-94e8-3c27cd93d1b9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_Security12bTitle_019fc3b6-a204-7c53-9c39-7f0b2796bd1c" xlink:href="https://xbrl.sec.gov/dei/2026/dei-2026.xsd#dei_Security12bTitle"/>
    <link:presentationArc order="18" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_019fc3b6-a204-7466-a363-eafa3511e7fc" xlink:to="loc_dei_Security12bTitle_019fc3b6-a204-7c53-9c39-7f0b2796bd1c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_TradingSymbol_019fc3b6-a204-7eef-9f81-471b325071da" xlink:href="https://xbrl.sec.gov/dei/2026/dei-2026.xsd#dei_TradingSymbol"/>
    <link:presentationArc order="19" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_019fc3b6-a204-7466-a363-eafa3511e7fc" xlink:to="loc_dei_TradingSymbol_019fc3b6-a204-7eef-9f81-471b325071da" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_SecurityExchangeName_019fc3b6-a204-73b6-be29-d060812b13c1" xlink:href="https://xbrl.sec.gov/dei/2026/dei-2026.xsd#dei_SecurityExchangeName"/>
    <link:presentationArc order="20" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_019fc3b6-a204-7466-a363-eafa3511e7fc" xlink:to="loc_dei_SecurityExchangeName_019fc3b6-a204-73b6-be29-d060812b13c1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityEmergingGrowthCompany_019fc3b6-a204-74fa-ba79-fe80607f2bb3" xlink:href="https://xbrl.sec.gov/dei/2026/dei-2026.xsd#dei_EntityEmergingGrowthCompany"/>
    <link:presentationArc order="21" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_019fc3b6-a204-7466-a363-eafa3511e7fc" xlink:to="loc_dei_EntityEmergingGrowthCompany_019fc3b6-a204-74fa-ba79-fe80607f2bb3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityCentralIndexKey_019fc3b6-a204-7e93-98d7-dced2eaee5da" xlink:href="https://xbrl.sec.gov/dei/2026/dei-2026.xsd#dei_EntityCentralIndexKey"/>
    <link:presentationArc order="22" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_019fc3b6-a204-7466-a363-eafa3511e7fc" xlink:to="loc_dei_EntityCentralIndexKey_019fc3b6-a204-7e93-98d7-dced2eaee5da" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_AmendmentFlag_019fc3b6-a204-7482-aea4-8ae37329dfc8" xlink:href="https://xbrl.sec.gov/dei/2026/dei-2026.xsd#dei_AmendmentFlag"/>
    <link:presentationArc order="23" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_019fc3b6-a204-7466-a363-eafa3511e7fc" xlink:to="loc_dei_AmendmentFlag_019fc3b6-a204-7482-aea4-8ae37329dfc8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
</link:linkbase>
