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Real Estate Property Held For Sale
 3 Months Ended
Dec. 31, 2016
Real Estate [Abstract]  
Real Estate Property Held For Sale
Real Estate Properties

Real estate properties (including properties held for sale) consist of the following:
 
 
December 31, 2016
 
September 30, 2016
Land
 
$
126,242

 
$
128,409

Building
 
638,348

 
684,133

Building improvements
 
26,964

 
25,717

  Real estate properties
 
791,554

 
838,259

Accumulated depreciation
 
(45,371
)
 
(44,687
)
  Total real estate properties, net
 
$
746,183

 
$
793,572




A summary of real estate properties owned (including properties held for sale) follows (dollars in thousands):                                             
      



September 30, 2016
Balance
 



Additions
 

Capitalized Costs and Improvements
 



Depreciation
 
Sales
 

December 31, 2016
Balance
Multi-family
$
783,085

 
$
47,974

 
$
2,845

 
$
(6,270
)
 
$
(92,037
)
 
$
735,597

Land - Daytona, FL
8,021

 
—

 
—

 
—

 
—

 
8,021

Shopping centers/Retail - Yonkers, NY
2,466

 
—

 
126

 
(27
)
 
—

 
2,565

Total real estate properties
$
793,572

 
$
47,974

 
$
2,971

 
$
(6,297
)
 
$
(92,037
)
 
$
746,183

    
    







    
The table below summarizes the preliminary allocations of the purchase prices of assets acquired during the three months ended December 31, 2016 (dollars in thousands):
 
 
Preliminary Purchase Price Allocation
Land
 
$
8,957

Buildings and Improvements
 
29,601

Acquisition-related intangible assets
 
575

Total Consideration
 
$
39,133

Real Estate Property Held For Sale
    
At September 30, 2016, the Sandtown Vista property in Atlanta, GA and the Spring Valley property in Panama City, FL were held for sale. The Sandtown Vista property, which had a book value of $27,102,000, was sold on November 21, 2016. The Spring Valley property, which had a book value $6,920,000, was sold on October 26, 2016.