CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Cash flows from operating activities:
Net loss	$ (7,421)	$ (11,265)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation and amortization	16,048	11,865
Amortization of deferred fee income	0	(388)
Amortization of restricted stock	676	600
Gain on sale of real estate	(2,777)	(3)
Increases and decreases from changes in other assets and liabilities:
Change in straight-line rent	(318)	(430)
Decrease in interest and dividends receivable	16	273
Decrease (increase) in prepaid expenses	21	(607)
(Increase) decrease in prepaid interest	(673)	462
Decrease (increase) in deposits and escrows	2,138	(3,405)
Decrease (increase) in other assets	4,314	(1,508)
Increase in accounts payable and accrued liabilities	(19)	4,881
Other	0	11
Net cash provided by operating activities	12,005	486
Cash flows from investing activities:
Collections from real estate loans	2,000	34,045
Additions to real estate loans	0	(5,532)
Additions to real estate properties	(10,777)	(189,920)
Net costs capitalized to real estate properties	(45,784)	(28,544)
Collection of loan fees	0	180
Purchase of non controlling interests	(4,679)	0
Proceeds from the sale of real estate properties	9,604	27
Net cash used in investing activities	(38,583)	(182,300)
Cash flows from financing activities:
Proceeds from mortgages payable	35,718	139,432
Mortgage principal payments	(8,473)	(993)
Increase in deferred borrowing costs	(2,684)	(2,214)
Capital contributions from non-controlling interests	1,419	20,791
Capital distribution to non-controlling interests	(3,975)	(2,668)
Repurchase of shares of beneficial interest	(2,422)	0
Net cash provided by financing activities	19,583	154,348
Net decrease in cash and cash equivalents	(6,995)	(27,466)
Cash and cash equivalents at beginning of period	23,181	56,905
Cash and cash equivalents at end of period	16,186	29,439
Supplemental disclosure of cash flow information:
Cash paid during the period for interest	18,235	15,773
Taxes paid	131	209
Acquisition of real estate through assumption of debt	17,173	0
Real estate properties reclassified to Real estate properties held for sale	68,259	0
Accrued costs related to real estate property	4	0
RBHTRB Newark Holdings LLC [Member] | Variable Interest Entity Primary Beneficiary [Member]
Cash flows from investing activities:
Net change in restricted cash	7,373	14,251
Multi-Family Real Estate
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Gain on sale of real estate	(2,777)	(3)
Multi-Family Real Estate | Variable Interest Entity Primary Beneficiary [Member]
Cash flows from investing activities:
Net change in restricted cash	$ 3,680	$ (6,807)