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SCHEDULE III - REAL ESTATE PROPERTIES AND ACCUMULATED DEPRECIATION (Details)
$ in Thousands
12 Months Ended
Sep. 30, 2017
USD ($)
Real estate properties and accumulated depreciation  
Encumbrances $ 704,170
Initial Cost to Company  
Land 140,511
Buildings and Improvements 771,391
Costs Capitalized Subsequent to
Acquisition  
Land 49
Improvements 68,068
Carrying Costs 318
Gross Amount At Which Carried at September 30, 2017  
Land 138,095
Buildings and Improvements 839,777
Total 977,872
Accumulated Depreciation 66,622
Commercial | Yonkers, NY  
Real estate properties and accumulated depreciation  
Encumbrances 1,448
Initial Cost to Company  
Land 0
Buildings and Improvements 4,000
Costs Capitalized Subsequent to
Acquisition  
Land 0
Improvements 320
Carrying Costs 0
Gross Amount At Which Carried at September 30, 2017  
Land 0
Buildings and Improvements 4,320
Total 4,320
Accumulated Depreciation $ 1,837
Depreciation Life For Latest Income Statement 39 years
Commercial | South Daytona, FL  
Real estate properties and accumulated depreciation  
Encumbrances $ 0
Initial Cost to Company  
Land 10,437
Buildings and Improvements 0
Costs Capitalized Subsequent to
Acquisition  
Land 49
Improvements 0
Carrying Costs 0
Gross Amount At Which Carried at September 30, 2017  
Land 8,021
Buildings and Improvements 0
Total 8,021
Accumulated Depreciation 0
Multi-family residential | Palm Beach Gardens, FL  
Real estate properties and accumulated depreciation  
Encumbrances 46,176
Initial Cost to Company  
Land 16,260
Buildings and Improvements 43,132
Costs Capitalized Subsequent to
Acquisition  
Land 0
Improvements 4,560
Carrying Costs 0
Gross Amount At Which Carried at September 30, 2017  
Land 16,260
Buildings and Improvements 47,692
Total 63,952
Accumulated Depreciation $ 9,921
Depreciation Life For Latest Income Statement 30 years
Multi-family residential | Melbourne, FL  
Real estate properties and accumulated depreciation  
Encumbrances $ 9,033
Initial Cost to Company  
Land 1,150
Buildings and Improvements 8,680
Costs Capitalized Subsequent to
Acquisition  
Land 0
Improvements 1,471
Carrying Costs 0
Gross Amount At Which Carried at September 30, 2017  
Land 1,150
Buildings and Improvements 10,151
Total 11,301
Accumulated Depreciation $ 2,332
Depreciation Life For Latest Income Statement 30 years
Multi-family residential | North Charleston, SC  
Real estate properties and accumulated depreciation  
Encumbrances $ 16,793
Initial Cost to Company  
Land 2,436
Buildings and Improvements 18,970
Costs Capitalized Subsequent to
Acquisition  
Land 0
Improvements 1,112
Carrying Costs 0
Gross Amount At Which Carried at September 30, 2017  
Land 2,436
Buildings and Improvements 20,082
Total 22,518
Accumulated Depreciation $ 3,547
Depreciation Life For Latest Income Statement 30 years
Multi-family residential | Decatur, GA  
Real estate properties and accumulated depreciation  
Encumbrances $ 15,094
Initial Cost to Company  
Land 1,698
Buildings and Improvements 8,676
Costs Capitalized Subsequent to
Acquisition  
Land 0
Improvements 1,574
Carrying Costs 0
Gross Amount At Which Carried at September 30, 2017  
Land 1,698
Buildings and Improvements 10,250
Total 11,948
Accumulated Depreciation $ 1,804
Depreciation Life For Latest Income Statement 30 years
Multi-family residential | Houston, TX (Stonecrossing)  
Real estate properties and accumulated depreciation  
Encumbrances $ 12,659
Initial Cost to Company  
Land 5,143
Buildings and Improvements 11,524
Costs Capitalized Subsequent to
Acquisition  
Land 0
Improvements 464
Carrying Costs 0
Gross Amount At Which Carried at September 30, 2017  
Land 5,143
Buildings and Improvements 11,988
Total 17,131
Accumulated Depreciation $ 1,937
Depreciation Life For Latest Income Statement 30 years
Multi-family residential | Houston, TX (Stonecrossing East)  
Real estate properties and accumulated depreciation  
Encumbrances $ 7,270
Initial Cost to Company  
Land 3,044
Buildings and Improvements 5,463
Costs Capitalized Subsequent to
Acquisition  
Land 0
Improvements 930
Carrying Costs 0
Gross Amount At Which Carried at September 30, 2017  
Land 3,044
Buildings and Improvements 6,393
Total 9,437
Accumulated Depreciation $ 984
Depreciation Life For Latest Income Statement 30 years
Multi-family residential | Huntsville, AL  
Real estate properties and accumulated depreciation  
Encumbrances $ 12,064
Initial Cost to Company  
Land 1,047
Buildings and Improvements 10,942
Costs Capitalized Subsequent to
Acquisition  
Land 0
Improvements 1,599
Carrying Costs 0
Gross Amount At Which Carried at September 30, 2017  
Land 1,047
Buildings and Improvements 12,541
Total 13,588
Accumulated Depreciation $ 1,824
Depreciation Life For Latest Income Statement 30 years
Multi-family residential | Columbus, OH  
Real estate properties and accumulated depreciation  
Encumbrances $ 9,957
Initial Cost to Company  
Land 1,372
Buildings and Improvements 12,678
Costs Capitalized Subsequent to
Acquisition  
Land
Improvements 469
Carrying Costs 0
Gross Amount At Which Carried at September 30, 2017  
Land 1,372
Buildings and Improvements 13,147
Total 14,519
Accumulated Depreciation $ 1,950
Depreciation Life For Latest Income Statement 30 years
Multi-family residential | Indianapolis, IN  
Real estate properties and accumulated depreciation  
Encumbrances $ 14,375
Initial Cost to Company  
Land 4,477
Buildings and Improvements 14,240
Costs Capitalized Subsequent to
Acquisition  
Land 0
Improvements 2,476
Carrying Costs 0
Gross Amount At Which Carried at September 30, 2017  
Land 4,477
Buildings and Improvements 16,716
Total 21,193
Accumulated Depreciation $ 2,276
Depreciation Life For Latest Income Statement 30 years
Multi-family residential | Nashville, TN  
Real estate properties and accumulated depreciation  
Encumbrances $ 23,181
Initial Cost to Company  
Land 4,565
Buildings and Improvements 22,054
Costs Capitalized Subsequent to
Acquisition  
Land
Improvements 2,744
Carrying Costs 0
Gross Amount At Which Carried at September 30, 2017  
Land 4,565
Buildings and Improvements 24,798
Total 29,363
Accumulated Depreciation $ 2,921
Depreciation Life For Latest Income Statement 30 years
Multi-family residential | Houston, TX (Kendall)  
Real estate properties and accumulated depreciation  
Encumbrances $ 15,242
Initial Cost to Company  
Land 1,849
Buildings and Improvements 13,346
Costs Capitalized Subsequent to
Acquisition  
Land 0
Improvements 2,009
Carrying Costs 0
Gross Amount At Which Carried at September 30, 2017  
Land 1,849
Buildings and Improvements 15,355
Total 17,204
Accumulated Depreciation $ 1,869
Depreciation Life For Latest Income Statement 30 years
Multi-family residential | Pensacola, FL  
Real estate properties and accumulated depreciation  
Encumbrances $ 19,349
Initial Cost to Company  
Land 2,758
Buildings and Improvements 25,192
Costs Capitalized Subsequent to
Acquisition  
Land 0
Improvements 584
Carrying Costs 0
Gross Amount At Which Carried at September 30, 2017  
Land 2,758
Buildings and Improvements 25,776
Total 28,534
Accumulated Depreciation $ 2,669
Depreciation Life For Latest Income Statement 30 years
Multi-family residential | Valley, AL  
Real estate properties and accumulated depreciation  
Encumbrances $ 28,990
Initial Cost to Company  
Land 1,040
Buildings and Improvements 42,710
Costs Capitalized Subsequent to
Acquisition  
Land 0
Improvements 907
Carrying Costs 0
Gross Amount At Which Carried at September 30, 2017  
Land 1,040
Buildings and Improvements 43,617
Total 44,657
Accumulated Depreciation $ 3,722
Depreciation Life For Latest Income Statement 30 years
Multi-family residential | San Marcos, TX  
Real estate properties and accumulated depreciation  
Encumbrances $ 17,158
Initial Cost to Company  
Land 2,163
Buildings and Improvements 19,562
Costs Capitalized Subsequent to
Acquisition  
Land 0
Improvements 218
Carrying Costs 0
Gross Amount At Which Carried at September 30, 2017  
Land 2,163
Buildings and Improvements 19,780
Total 21,943
Accumulated Depreciation $ 1,706
Depreciation Life For Latest Income Statement 30 years
Multi-family residential | Lake St. Louis, MO  
Real estate properties and accumulated depreciation  
Encumbrances $ 26,814
Initial Cost to Company  
Land 2,752
Buildings and Improvements 33,248
Costs Capitalized Subsequent to
Acquisition  
Land 0
Improvements 746
Carrying Costs 0
Gross Amount At Which Carried at September 30, 2017  
Land 2,752
Buildings and Improvements 33,994
Total 36,746
Accumulated Depreciation $ 2,627
Depreciation Life For Latest Income Statement 30 years
Multi-family residential | North Charleston, MO  
Real estate properties and accumulated depreciation  
Encumbrances $ 29,592
Initial Cost to Company  
Land 5,538
Buildings and Improvements 0
Costs Capitalized Subsequent to
Acquisition  
Land
Improvements 35,105
Carrying Costs 318
Gross Amount At Which Carried at September 30, 2017  
Land 5,538
Buildings and Improvements 35,423
Total 40,961
Accumulated Depreciation $ 727
Depreciation Life For Latest Income Statement 30 years
Multi-family residential | La Grange, GA  
Real estate properties and accumulated depreciation  
Encumbrances $ 15,452
Initial Cost to Company  
Land 832
Buildings and Improvements 21,968
Costs Capitalized Subsequent to
Acquisition  
Land 0
Improvements 429
Carrying Costs 0
Gross Amount At Which Carried at September 30, 2017  
Land 832
Buildings and Improvements 22,397
Total 23,229
Accumulated Depreciation $ 1,532
Depreciation Life For Latest Income Statement 30 years
Multi-family residential | Katy, TX  
Real estate properties and accumulated depreciation  
Encumbrances $ 30,750
Initial Cost to Company  
Land 4,194
Buildings and Improvements 36,056
Costs Capitalized Subsequent to
Acquisition  
Land
Improvements (3,517)
Carrying Costs 0
Gross Amount At Which Carried at September 30, 2017  
Land 4,194
Buildings and Improvements 32,539
Total 36,733
Accumulated Depreciation $ 2,345
Depreciation Life For Latest Income Statement 30 years
Multi-family residential | Macon, GA  
Real estate properties and accumulated depreciation  
Encumbrances $ 11,200
Initial Cost to Company  
Land 1,876
Buildings and Improvements 12,649
Costs Capitalized Subsequent to
Acquisition  
Land 0
Improvements 399
Carrying Costs 0
Gross Amount At Which Carried at September 30, 2017  
Land 1,876
Buildings and Improvements 13,048
Total 14,924
Accumulated Depreciation $ 937
Depreciation Life For Latest Income Statement 30 years
Multi-family residential | Southaven, MS (Civic Center I)  
Real estate properties and accumulated depreciation  
Encumbrances $ 28,000
Initial Cost to Company  
Land 2,090
Buildings and Improvements 32,910
Costs Capitalized Subsequent to
Acquisition  
Land 0
Improvements 1,831
Carrying Costs 0
Gross Amount At Which Carried at September 30, 2017  
Land 2,090
Buildings and Improvements 34,741
Total 36,831
Accumulated Depreciation $ 2,154
Depreciation Life For Latest Income Statement 30 years
Multi-family residential | San Antonio, TX (Location 1)  
Real estate properties and accumulated depreciation  
Encumbrances $ 26,400
Initial Cost to Company  
Land 5,540
Buildings and Improvements 29,610
Costs Capitalized Subsequent to
Acquisition  
Land 0
Improvements 699
Carrying Costs 0
Gross Amount At Which Carried at September 30, 2017  
Land 5,540
Buildings and Improvements 30,309
Total 35,849
Accumulated Depreciation $ 2,283
Depreciation Life For Latest Income Statement 30 years
Multi-family residential | Dallas, TX  
Real estate properties and accumulated depreciation  
Encumbrances $ 27,938
Initial Cost to Company  
Land 13,073
Buildings and Improvements 23,927
Costs Capitalized Subsequent to
Acquisition  
Land 0
Improvements 2,128
Carrying Costs 0
Gross Amount At Which Carried at September 30, 2017  
Land 13,073
Buildings and Improvements 26,055
Total 39,128
Accumulated Depreciation $ 1,539
Depreciation Life For Latest Income Statement 30 years
Multi-family residential | Columbia, SC  
Real estate properties and accumulated depreciation  
Encumbrances $ 12,934
Initial Cost to Company  
Land 2,233
Buildings and Improvements 14,767
Costs Capitalized Subsequent to
Acquisition  
Land 0
Improvements 751
Carrying Costs 0
Gross Amount At Which Carried at September 30, 2017  
Land 2,233
Buildings and Improvements 15,518
Total 17,751
Accumulated Depreciation $ 1,050
Depreciation Life For Latest Income Statement 30 years
Multi-family residential | Atlanta, GA (Location 2)  
Real estate properties and accumulated depreciation  
Encumbrances $ 27,375
Initial Cost to Company  
Land 10,347
Buildings and Improvements 28,777
Costs Capitalized Subsequent to
Acquisition  
Land 0
Improvements 888
Carrying Costs 0
Gross Amount At Which Carried at September 30, 2017  
Land 10,347
Buildings and Improvements 29,665
Total 40,012
Accumulated Depreciation $ 1,918
Depreciation Life For Latest Income Statement 30 years
Multi-family residential | Southaven, MS (Civic Center II)  
Real estate properties and accumulated depreciation  
Encumbrances $ 30,564
Initial Cost to Company  
Land 2,077
Buildings and Improvements 36,128
Costs Capitalized Subsequent to
Acquisition  
Land 0
Improvements 609
Carrying Costs 0
Gross Amount At Which Carried at September 30, 2017  
Land 2,077
Buildings and Improvements 36,737
Total 38,814
Accumulated Depreciation $ 2,101
Depreciation Life For Latest Income Statement 30 years
Multi-family residential | San Antonio, TX (Location 2)  
Real estate properties and accumulated depreciation  
Encumbrances $ 27,000
Initial Cost to Company  
Land 4,620
Buildings and Improvements 31,380
Costs Capitalized Subsequent to
Acquisition  
Land 0
Improvements 680
Carrying Costs 0
Gross Amount At Which Carried at September 30, 2017  
Land 4,620
Buildings and Improvements 32,060
Total 36,680
Accumulated Depreciation $ 1,775
Depreciation Life For Latest Income Statement 30 years
Multi-family residential | Fredricksburg, VA  
Real estate properties and accumulated depreciation  
Encumbrances $ 29,441
Initial Cost to Company  
Land 6,985
Buildings and Improvements 32,148
Costs Capitalized Subsequent to
Acquisition  
Land 0
Improvements 550
Carrying Costs 0
Gross Amount At Which Carried at September 30, 2017  
Land 6,985
Buildings and Improvements 32,698
Total 39,683
Accumulated Depreciation $ 1,368
Depreciation Life For Latest Income Statement 30 years
Multi-family residential | St. Louis, MO (Tower at OPOP)  
Real estate properties and accumulated depreciation  
Encumbrances $ 20,000
Initial Cost to Company  
Land 192
Buildings and Improvements 27,231
Costs Capitalized Subsequent to
Acquisition  
Land 0
Improvements 3
Carrying Costs 0
Gross Amount At Which Carried at September 30, 2017  
Land 192
Buildings and Improvements 27,234
Total 27,426
Accumulated Depreciation $ 693
Depreciation Life For Latest Income Statement 30 years
Multi-family residential | St. Louis, MO (Lofts at OPOP)  
Real estate properties and accumulated depreciation  
Encumbrances $ 6,197
Initial Cost to Company  
Land 329
Buildings and Improvements 7,805
Costs Capitalized Subsequent to
Acquisition  
Land 0
Improvements 12
Carrying Costs 0
Gross Amount At Which Carried at September 30, 2017  
Land 329
Buildings and Improvements 7,817
Total 8,146
Accumulated Depreciation $ 280
Depreciation Life For Latest Income Statement 30 years
Multi-family residential | Creve Coeur, MO  
Real estate properties and accumulated depreciation  
Encumbrances $ 29,000
Initial Cost to Company  
Land 2,270
Buildings and Improvements 37,899
Costs Capitalized Subsequent to
Acquisition  
Land 0
Improvements 48
Carrying Costs 0
Gross Amount At Which Carried at September 30, 2017  
Land 2,270
Buildings and Improvements 37,947
Total 40,217
Accumulated Depreciation $ 832
Depreciation Life For Latest Income Statement 30 years
Multi-family residential | West Nashville, TN  
Real estate properties and accumulated depreciation  
Encumbrances $ 0
Initial Cost to Company  
Land 5,228
Buildings and Improvements 0
Costs Capitalized Subsequent to
Acquisition  
Land 0
Improvements 5,219
Carrying Costs 0
Gross Amount At Which Carried at September 30, 2017  
Land 5,228
Buildings and Improvements 5,219
Total 10,447
Accumulated Depreciation $ 0
Depreciation Life For Latest Income Statement 30 years
Multi-family residential | Farmers Branch, TX  
Real estate properties and accumulated depreciation  
Encumbrances $ 55,200
Initial Cost to Company  
Land 7,343
Buildings and Improvements 79,347
Costs Capitalized Subsequent to
Acquisition  
Land 0
Improvements 24
Carrying Costs 0
Gross Amount At Which Carried at September 30, 2017  
Land 7,343
Buildings and Improvements 79,371
Total 86,714
Accumulated Depreciation $ 1,046
Depreciation Life For Latest Income Statement 30 years
Multi-family residential | Tallahassee, FL  
Real estate properties and accumulated depreciation  
Encumbrances $ 21,524
Initial Cost to Company  
Land 3,553
Buildings and Improvements 24,372
Costs Capitalized Subsequent to
Acquisition  
Land 0
Improvements 27
Carrying Costs 0
Gross Amount At Which Carried at September 30, 2017  
Land 3,553
Buildings and Improvements 24,399
Total 27,952
Accumulated Depreciation $ 116
Depreciation Life For Latest Income Statement 30 years