Debt Obligations (Tables)

3 Months Ended

Dec. 31, 2017

Debt Disclosure [Abstract]

Schedule of debt obligations

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

	December 31, 2017			September 30, 2017
Mortgages payable	$	718,281		$	704,171
Junior subordinated notes	37,400			37,400
Deferred mortgage costs	(6,597		)	(6,727		)
Total debt obligations, net of deferred costs	$	749,084		$	734,844

Schedule of debt information

During the three months ended December 31, 2017, the Company obtained the following mortgage debt in connection with the related property acquisitions (dollars in thousands):

Location	Closing Date	Acquisition Mortgage Debt		Interest Rate		Interest only period	Maturity Date
Madison, AL	12/7/17	$	15,000	4.08	%	60 months	January 2028
Boerne, TX (a)	12/14/17	9,200		LIBOR+ 2.39%		36 months	January 2028
		$	24,200

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(a) The Company entered into an agreement related to this loan to cap LIBOR at 3.86%. See Note 13

Information regarding these loans at December 31, 2017 is set forth below (dollars in thousand):

Location	Closing Date	Maximum Loan Amount		Amount outstanding		Interest Rate	Maturity Date	Extension Option
N Charleston, SC (a)	10/13/2015	$	30,265	$	29,863	LIBOR + 1.70%	10/13/2019	1 year
Nashville,TN	6/2/2017	47,426		—		LIBOR + 2.85%	6/2/2020	N/A
		$	77,691	$	29,863

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(a) Currently in lease up.