Acquisitions and Dispositions (Tables)

9 Months Ended

Jun. 30, 2018

Business Combinations [Abstract]

Schedule of real estate acquisitions

The table below provides information regarding the Company's purchases of multi-family properties for the nine months ended June 30, 2018 (dollars in thousands):

Location	Purchase Date	No. of Units	Purchase Price		Acquisition Mortgage Debt		Initial BRT Equity		Ownership Percentage		Capitalized Acquisition Costs
Madison, AL	12/7/2017	204	$	18,420	$	15,000	$	4,456	80	%	$	247
Boerne, TX (a)	12/14/2017	120	12,000		9,200		3,780		80	%	244
Ocoee, FL	2/7/2018	522	71,347		53,060		12,370		50	%	1,047
Lawrenceville, GA	2/15/2018	586	77,229		54,447		15,179		50	%	767
Daytona, FL	4/30/2018	208	20,500		13,608		6,900		80	%	386
Grand Prairie, TX	5/17/2018	281	30,800		18,995		7,300		50	%	411
		1,921	$	230,296	$	164,310	$	49,985			$	3,102

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(a)  Includes $500 for the acquisition of a land parcel adjacent to the property.

In the quarter ended June 30, 2018, the Company purchased its partner's 2.5% equity interest in Avalon Apartments, located in Pensacola, FL, for $250,000. The property is now wholly owned by the Company. 

The table below provides information regarding the Company's purchases of multi-family properties during the nine months ended June 30, 2017 (dollars in thousands):

Location	Purchase Date	No. of Units	Purchase Price		Acquisition Mortgage Debt		Initial BRT Equity		Ownership Percentage		Capitalized Acquisition Costs
Fredricksburg, VA	11/4/2016	220	$	38,490	$	29,940	$	8,720	80	%	$	643
St. Louis, MO	2/28/2017	128	27,000		20,000		6,001		75.5	%	423
St. Louis, MO	2/28/2017	53	8,000		6,200		2,002		75.5	%	134
Creve Coeur, MO	4/4/2017	174	39,600		29,000		9,408		78.0	%	569
West Nashville, TN	6/2/2017	402	5,228		—		4,800		58.0	%	—
Farmers Branch, TX	6/29/2017	509	85,698		55,200		16,200		50.0	%	992
		1,486	$	204,016	$	140,340	$	47,131			$	2,761

Schedule of property dispositions

The following table is a summary of real estate properties disposed of by the Company during the nine months ended June 30, 2018 (dollars in thousands):

Location	Sale Date	No. of Units	Sales Price		Gain on Sale		Non-controlling partner portion of gain
Melbourne, FL	10/25/2017	208	$	22,250	$	12,519	$	2,504
Palm Beach Gardens, FL	2/25/2018	542	97,200		41,830		20,593
Valley, AL	2/23/2018	618	51,000		9,712		4,547
New York, NY	1/18/2018	1	470		439		—
		1,369	$	170,920	$	64,500	$	27,644

The following table is a summary of the real estate properties disposed of by the Company during the nine months ended June 30, 2017 (dollars in thousands):

Location	Sale Date	No. of Units	Sales Price		Gain on Sale		Non-controlling partner portion of gain
Greenville, SC	10/19/2016	350	$	68,000	$	18,483	$	9,329
Panama City, FL	10/26/2016	160	14,720		7,393		3,478
Atlanta, GA	11/21/2016	350	36,750		8,905		4,166
Hixson,TN	11/30/2016	156	10,775		608		152
New York, NY	12/21/2016	1	465		449		—
		1,017	$	130,710	$	35,838	$	17,125