SCHEDULE III - REAL ESTATE PROPERTIES AND ACCUMULATED DEPRECIATION

12 Months Ended

Sep. 30, 2015

SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract]

SCHEDULE III - REAL ESTATE PROPERTIES AND ACCUMULATED DEPRECIATION



			Initial Cost to Company				Costs Capitalized Subsequent to Acquisition						Gross Amount At Which Carried at September 30, 2015										Depreciation Life For Latest Income Statement

Description	Encumbrances		Land		Buildings and Improvements		Land		Improvements		Carrying Costs		Land		Buildings and Improvements		Total		Accumulated Depreciation		Date of Construction	Date Acquired
Commercial
Yonkers, NY.	$	1,666	—		$	4,000	—		$	194	—		—		$	4,194	$	4,194	$	1,619	(c)	Aug-2000	39 years
South Daytona, FL.	—		$	10,437	—		—		—		—		$	7,972	—		7,972		—		N/A	Feb-2008	N/A
Newark, NJ	110,374		17,088		19,033		$	4,830	96,488		$	10,499	21,918		126,020		147,938		6,498		(c)	June-2008	39 years
Multi-Family Residential
Palm Beach Gardens, FL	48,032		16,260		43,140		—		2,102		—		16,260		45,243		61,503		6,182		1970	Mar-2012	30 years
Melbourne, FL	9,381		1,150		8,100		—		1,538		—		1,150		9,638		10,788		1,449		1987	Mar-2012	30 years
Collierville, TN	25,610		6,420		25,680		—		631		—		6,420		26,311		32,731		2,829		2000	June-2012	30 years
North Charleston, SC	17,455		2,436		19,075		—		657		—		2,436		19,732		22,168		2,146		2010	Oct-2012	30 years
Cordova, TN	19,248		1,823		23,627		—		700		—		1,823		24,327		26,150		2,290		1986	Nov-2012	30 years
Decatur, GA	10,490		1,698		8,752		—		1,070		—		1,698		9,822		11,520		981		1954	Nov-2012	30 years
Panama City, FL	5,436		1,411		5,790		—		586		—		1,411		6,376		7,787		682		1987	Jan-2013	30 years
Houston, TX (Stone)	13,127		5,143		11,620		—		230		—		5,143		11,850		16,993		1,059		1978	April-2013	30 years
Pooler, GA	26,400		1,848		33,402		—		219		—		1,848		33,621		35,469		2,869		2008	April-2013	30 years
Houston, TX (Pathways)	7,500		3,044		5,521		—		526		—		3,044		6,047		9,091		503		1979	April-2013	30 years
Hixon, TN	8,137		1,231		9,613		—		187		—		1,231		9,800		11,031		777		1989	May-2013	30 years
Kennesaw, GA	35,900		5,566		43,484		—		512		—		5,566		43,996		49,562		3,177		2002	Sept-2013	30 years
Pasadena, TX (Ashwood)	4,047		1,513		3,907		—		300		—		1,513		4,207		5,720		323		1984	Oct-2013	30 years
Humble, TX (Parkside)	5,002		1,113		5,587		—		319		—		1,113		5,906		7,019		440		1983	Oct-2013	30 years
Humble, TX (Meadowbrook)	7,839		1,996		8,504		—		566		—		1,996		9,070		11,066		642		1982	Oct-2013	30 years
Huntsville, AL	9,573		1,047		11,003		—		1,176		—		1,047		12,179		13,226		853		1985	Oct-2013	30 years
Columbus, OH	10,365		2,810		11,240		—		241		—		2,810		11,481		14,291		958		1999	Nov-2013	30 years
Indianapolis, IN	14,500		4,477		14,323		—		1,526		—		4,477		15,849		20,326		934		2007	Jan-2014	30 years
Greenville, SC	29,429		7,100		—		—		36,385		360		7,100		36,745		43,845		284		2014	Jan-2014	30 years
Nashville, TN	24,038		4,565		22,185		—		261		—		4,565		22,446		27,011		1,185		1985	April-2014	30 years
Little Rock, AK	3,981		2,041		4,709		—		37		—		2,041		4,746		6,787		311		1985	April-2014	30 years
Witchita, KS	13,528		1,992		18,758		—		298		—		1,992		19,056		21,048		1,085		1999	April-2014	30 years
Atlanta, GA	22,165		2,283		26,067		—		343		—		2,283		26,410		28,693		1,165		2009	June-2014	30 years
Houston, TX (Kendall)	11,475		1,849		13,451		—		1,303		—		1,849		14,754		16,603		683		1981	July-2014	30 years
Pensacola, FL	16,929		2,758		25,192		—		—		—		2,758		25,192		27,950		776		2008	Dec-2014	30 years
Valley, AL	28,990		1,044		42,706		—		—		—		1,044		42,706		43,750		230		2009	July-2014	30 years
San Marcos, TX	17,158		4,930		16,795		—		—		—		4,930		16,795		21,725		—		2014	Sept-2015	30 years
Lake St. Louis, MO	27,910		3,579		32,421		—		—		—		3,579		32,421		36,000		—		1986	Sept-2015	30 years
Total	$	585,686	$	120,652	$	517,685	$	4,830	$	148,395	$	10,859	$	123,017	$	676,940	$	799,957	$	42,930
																	(a)		(b)

Notes to the schedule:




(a)	Total real estate properties	$	799,957
	Less: Accumulated depreciation and amortization	(42,930		)
	Net real estate properties	$	757,027
(b)	Amortization of the Trust's leasehold interests is over the shorter of estimated useful life or the term of the respective land lease.
(c)	Information not readily obtainable.

A reconciliation of real estate properties is as follows:



	2015		2014		2013
Balance at beginning of year	$	635,612	$	402,896	$	190,317
Additions:
Acquisitions	129,425		205,220		185,453
Capital improvements	8,442		8,273		3,371
Capitalized development expenses and carrying costs	55,623		34,857		30,947
	193,490		248,350		219,771
Deductions:
Sales	51,394		80		117
Depreciation/amortization/paydowns	20,681		15,554		7,075
	72,075		15,634		7,192

Balance at end of year	$	757,027	635,612		$	402,896