Debt Obligations (Tables)

9 Months Ended

Jun. 30, 2015

Debt Disclosure [Abstract]

Schedule of debt obligations

Debt obligations consist of the following (dollars in thousands):

	June 30, 2015		September 30, 2014
Mortgages payable (a)	$	483,532	$	482,406
Junior subordinated notes	37,400		37,400
Total debt obligations	$	520,932	$	519,806
(a) Excludes mortgages payable held for sale of $43,291

Schedule of debt information

The interest rates on the outstanding notes are set forth in the table below: 

Interest Period	Interest Rate
August 1, 2012 through April 29, 2016	4.90	%
April 30, 2016 through April 30, 2036	Libor + 2.00%

During the nine months ended June 30, 2015, the Trust obtained additional mortgage financing as set forth in the table below (dollars in thousands):

Location	Closing Date	Additional Mortgage Debt		Interest Rate		Maturity Date
Melbourne, FL	1/23/15	$	1,907	4.17	%	April 2019
West Palm Beach, FL	3/20/15	$	4,000	4.35	%	April 2019