Investments in Unconsolidated Ventures Investment in Unconsolidated Ventures (Tables)

9 Months Ended

Jun. 30, 2018

Equity Method Investments and Joint Ventures [Abstract]

Equity Method Investments

The table below provides information regarding these joint ventures at June 30, 2018 (dollars in thousands):

Location	Number of Units	Carrying Value		Mortgage Debt		Percent Ownership
Columbia, SC	374	$	4,739	$	40,584	32	%
Columbia, SC (a)	339	8,665		28,422		46	%
Forney, TX (b)	313	6,924		25,350		50	%
Other investments	N/A	214		N/A		N/A
	1,026	$	20,542	$	94,356

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(a) Reflects land purchased for a development project at which construction of 339 units is planned. Construction financing for this project of up to $47,426 has been secured. Such financing bears interest at 4.08% and matures in June 2020.  

(b) This interest is held through a tenancy-in-common.