Debt Obligations (Tables)

3 Months Ended

Dec. 31, 2016

Debt Disclosure [Abstract]

Schedule of debt obligations

Debt obligations consist of the following (dollars in thousands):

	December 31, 2016			September 30, 2016
Mortgages payable (a)	$	578,768		$	621,382
Junior subordinated notes	37,400			37,400
Deferred mortgage costs	(5,588		)	(6,275		)
Total debt obligations	$	610,580		$	652,507

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(a) Excludes mortgages payable held for sale of $27,052,000 at September 30, 2016.

Schedule of debt information

During the three months ended December 31, 2016, the Trust obtained supplemental fixed rate mortgage financing as set forth in the table below (dollars in thousands):

Location	Closing Date	Supplemental Mortgage Debt		Interest Rate		Maturity Date
Fredricksburg, VA	11/4/16	$	2,261	4.84	%	February 2027

During the three months ended December 31, 2016, the Trust incurred the following fixed rate mortgage debt in connection with the following acquisition (dollars in thousands):

Location	Closing Date	Acquisition Mortgage Debt		Interest Rate		Interest only period	Maturity Date
Fredricksburg, VA	11/4/16	$	27,638	3.68	%	N/A	February 2027