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Real Estate Properties (Tables)
 6 Months Ended
Mar. 31, 2018
Real Estate [Abstract]  
Summary of real estate properties owned
Real estate properties (including properties held for sale) consist of the following (dollars in thousands):
 
 
March 31, 2018
 
September 30, 2017
Land
 
$
157,105

 
$
138,094

Building
 
874,679

 
808,366

Building improvements
 
29,109

 
31,411

  Real estate properties
 
1,060,893

 
977,871

Accumulated depreciation
 
(67,643
)
 
(66,621
)
  Total real estate properties, net
 
$
993,250

 
$
911,250

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
 

March 31, 2018
Balance
Multi-family
 
$
890,300

 
$
185,415

 
$
5,247

 
$
(17,833
)
 
$
(103,655
)
 
$
959,474

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

 
12,881

 
—

 
—

 
—

 
23,329

Land - Daytona, FL
 
8,021

 
—

 
—

 
—

 
—

 
8,021

Shopping centers/Retail - Yonkers, NY
 
2,481

 
—

 
—

 
(55
)
 
—

 
2,426

Total real estate properties
 
$
911,250

 
$
198,296

 
$
5,247

 
$
(17,888
)
 
$
(103,655
)
 
$
993,250
Schedule of assets acquired and liabilities assumed
The following table summarizes the allocation of the purchase price of four properties purchased during the six months ended March 31, 2018 (dollars in thousands):
 
 
Purchase Price Allocation
Land
 
$
37,282

Building and improvements
 
140,027

Acquisition-related intangible assets
 
3,992

Total consideration
 
$
181,301