Debt Obligations (Tables)

6 Months Ended

Mar. 31, 2018

Debt Disclosure [Abstract]

Schedule of debt obligations

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

	March 31, 2018			September 30, 2017
Mortgages payable	$	749,775		$	704,171
Junior subordinated notes	37,400			37,400
Deferred mortgage costs	(6,922		)	(6,727		)
Total debt obligations, net of deferred costs	$	780,253		$	734,844

Schedule of debt information

Information regarding these loans at March 31, 2018 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	$	29,890	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	$	29,890

_____________________

(a) Currently in lease up.    

During the six months ended March 31, 2018, 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
Ocoee, FL	2/7/18	53,060		3.90	%	84 months	January 2028
Lawrenceville, GA	2/15/18	54,447		3.97	%	120 months	March 2028
		$	131,707

_____________________________

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