DISCONTINUED OPERATIONS (Tables)

12 Months Ended

Sep. 30, 2017

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Real Estate Disposals

The table below provides information regarding the real estate properties disposed of by the Company subsequent to September 30, 2017 (dollars in thousands):

Location	Sale Date	No. of Units	Sales Price		Estimated Gain on Sale		Non-Controlling Partner's Share of Estimated Gain
Melbourne, FL	10/25/2017	208	$	22,250	$	12,700	$	2,800

The tables below provide information regarding the Company's disposition of real estate properties during the years ended September 30, (dollars in thousands):

2017

Location	Sale Date	No. of Units	Sales Price		Gain on Sale		Non-Controlling Partner's Share 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		—
Humble, TX	7/27/2017	260	18,000		7,707		3,143
Humble, TX	7/27/2017	160	11,300		4,767		1,943
Pasadena, TX	7/27/2017	144	9,750		4,289		2,629
		1,581	$	169,760	$	52,601	$	24,840

2016

Location	Sale Date	No. of Units	Sales Price		Gain on Sale		Non-Controlling Partner's Share of Gain
Cordova, TN	3/2/2016	464	$	31,100	$	6,731	$	2,195
Kennesaw, GA	3/15/2016	450	64,000		17,462		10,037
Pooler, GA	4/6/2016	300	38,500		5,710		1,405
Collierville, TN	6/1/2016	324	34,300		4,586		917
Little Rock, AK (a)	6/6/2016	172	2,372		386		—
Wichita, KS	9/1/2016	496	30,400		10,718		4,241
New York, NY	12/17/2016	2	1,377		1,271		—
		2,208	$	202,049	$	46,864	$	18,795

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(a) Reflects the sale of a partnership interest

The discontinued operations of the Newark Joint Venture and the statement of operations for the years ended September 30, 2016 and 2015, are summarized as follows (dollars in thousands):

Statement of Operations	Year Ended September 30,
	2016			2015
Revenues:
Rental and other revenue from real estate properties	$	2,437		$	4,335
Other income	444			1,067
Total revenues	2,881			5,402
Expenses:
Real estate operating expenses	2,277			4,610
Interest expense	2,242			4,880
Depreciation	1,150			2,241
Total expense	5,669			11,731
Income from discontinued operations	(2,788		)	(6,329		)
Gain on sale of partnership interest	15,467			—
Discontinued operations	$	12,679		$	(6,329	)