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ORGANIZATION, BACKGROUND AND SIGNIFICANT ACCOUNTING POLICIES (Details)
$ in Thousands
12 Months Ended
Sep. 30, 2016
USD ($)
state
property
segment
property_unit
Sep. 30, 2015
USD ($)
Real Estate Properties    
Number of states in which entity operates | state 10  
Number of properties owned and operated | property 33  
Number of units | property_unit 9,420  
Number of units in real estate property, under construction | property 271  
Number of units in real estate property, in lease up stage | property 350  
Real estate investment property, net $ 759,576 $ 591,727
Real estate investments, other 29,989  
Mortgage loans on real estate $ 19,500  
Number of reportable segments | segment 2  
Multi-family residential    
Real Estate Properties    
Real estate investment property, net $ 783,084  
Joint ventures | Purchase of properties | Multi-family residential    
Real Estate Properties    
Equity contribution in each transaction (as a percent) 80.00%  
Building | Multi-family residential    
Real Estate Properties    
Real estate property, estimated useful life 30 years  
Maximum    
Real Estate Properties    
Period from cessation of major construction activity to consider construction project as substantially completed 1 year  
Maximum | Multi-family residential    
Real Estate Properties    
Operating leases, term of contract 1 year