XML 42 R29.htm IDEA: XBRL DOCUMENT v3.6.0.2
Acquisitions and Dispositions (Tables)
 3 Months Ended
Dec. 31, 2016
Business Combinations [Abstract]  
Schedule of real estate acquisitions
The table below provides information for the three months ended December 31, 2016 regarding the Trust's purchases of multi-family properties (dollars in thousands):
Location
 
Purchase Date
 
No. of Units
 
Contract Purchase Price
 
Acquisition Mortgage Debt
 
Initial BRT Equity
 
Ownership Percentage
 
Capitalized Acquisition Costs
(a)
Fredricksburg, VA
 
11/4/2016
 
220

 
$
38,490

 
$
29,940

 
$
8,720

 
80
%
 
$
643


_______________________________
(a) See Note 15.
Schedule of property dispositions
The following table is a summary of the real estate properties disposed of by the Trust in the three months ended December 31, 2016 (dollars in thousands):
Location
Sale
Date
 
No. of
Units
 
Sales Price
 
Gain on Sale
 
Non-controlling partner portion of gain
Greenville, NC
10/19/2016
 
350

 
$
68,000

 
$
18,483

 
$
9,329

Panama City, FL
10/26/2016
 
160

 
14,720

 
7,393

 
3,478

Atlanta, GA
11/21/2016
 
350

 
36,750

 
8,905

 
4,166

Hixson, TN
11/30/2016
 
156

 
10,775

 
608

 
152

New York, NY
12/21/2016
 
1

 
465

 
449

 
—

 
 
 
1,017

 
$
130,710

 
$
35,838

 
$
17,125