XML 41 R28.htm IDEA: XBRL DOCUMENT v3.8.0.1
Real Estate Properties (Tables)
 3 Months Ended
Dec. 31, 2017
Real Estate [Abstract]  
Summary of real estate properties owned
A summary of real estate properties owned (including properties held for sale) follows (dollars in thousands):
      


 

September 30, 2017
Balance
 



Additions
 

Capitalized Costs and Improvements
 



Depreciation
 
Sales
 

December 31, 2017
Balance
Multi-family
 
$
890,300

 
$
31,008

 
$
1,610

 
$
(8,620
)
 
$
(9,126
)
 
$
905,172

Multi-family development - West Nashville, TN
 
10,448

 
5,902

 
—

 
—

 
—

 
16,350

Land - Daytona, FL
 
8,021

 
—

 
—

 
—

 
—

 
8,021

Shopping centers/Retail - Yonkers, NY
 
2,481

 
—

 
—

 
(28
)
 
—

 
2,453

Total real estate properties
 
$
911,250

 
$
36,910

 
$
1,610

 
$
(8,648
)
 
$
(9,126
)
 
$
931,996

Real estate properties (including properties held for sale) consist of the following (dollars in thousands):
 
 
December 31, 2017
 
September 30, 2017
Land
 
$
140,452

 
$
138,094

Building
 
833,088

 
808,366

Building improvements
 
31,394

 
31,411

  Real estate properties
 
1,004,934

 
977,871

Accumulated depreciation
 
(72,938
)
 
(66,621
)
  Total real estate properties, net
 
$
931,996

 
$
911,250
Schedule of assets acquired and liabilities assumed
The following table summarizes the allocation of the purchase price of two properties purchased during the three months ended December 31, 2017 (dollars in thousands):
 
 
Purchase Price Allocation
Land
 
$
3,289

Building and improvements
 
27,136

Acquisition-related intangible assets
 
486

Total consideration
 
$
30,911