SUBSEQUENT EVENTS

6 Months Ended

Mar. 31, 2016

Subsequent Events [Abstract]

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS

In April 2016, Kaupulehu 2007 sold the luxury residence that was held for sale for $5,700,000 and repaid the real estate loan in full (see Notes 5 and 7).

In April 2016, Barnwell received a cash distribution in the amount of $5,320,000 from the Kukio Resort land development partnerships (see Note 6).

In April 2016, Kaupulehu Developments received a percentage of sales payment of $1,600,000 from the sale of one ocean front parcel within Increment II (see Note 6).

Financial results from these transactions will be reflected in Barnwell’s quarter ending June 30, 2016.