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ACQUISITIONS, DISPOSITIONS AND IMPAIRMENT CHARGES (Tables)
12 Months Ended
Sep. 30, 2018
Business Combinations [Abstract]  
Schedule of Real Estate Acquisitions
The tables below provides information regarding the Company's purchases of multi-family properties during the years ended September 30, (dollars in thousands):

2018
LocationPurchase
Date
No. of
Units
Purchase
Price
Acquisition
Mortgage
Debt
Initial BRT
Equity
Ownership PercentageCapitalized Property Acquisition Costs
Madison, AL12/7/2017204 $18,420 $15,000 $4,456 80 %$247 
Boerne, TX (a)12/14/2017120 12,000 9,200 3,780 80 %244 
Ocoee, FL2/7/2018522 71,347 53,060 12,370 50 %1047 
Lawrenceville, GA2/15/2018586 77,229 54,447 15,179 50 %767 
Daytona Beach, FL4/30/2018208 20,500 13,608 6,900 80 %386 
Grand Prairie, TX5/17/2018281 30,800 18,995 7,300 50 %413 
1,921 $230,296 $164,310 $49,985 $3,104 
(a) Includes $500 for the acquisition of a land parcel adjacent to the property.

2017
Location Purchase
Date 
No. of
Units 

Purchase
Price 
Acquisition
Mortgage
Debt 
Initial BRT
Equity 
Ownership Percentage Capitalized Property
Acquisition Costs
Fredricksburg, VA 11/4/2016220 $38,490 $29,900 $8,720 80 %$643 
St. Louis, MO 2/28/2017128 27,000 20,000 6,001 76 %423 
St. Louis, MO 2/28/201753 8,000 6,200 2,002 76 %134 
Creve Coeur, MO 4/4/2017174 39,600 29,000 9,408 78 %569 
West Nashville, TN (a) 6/2/2017402 5,228 — 4,800 58 %226 
Farmers Branch, TX 6/29/2017509 85,698 55,200 16,200 50 %992 
Tallahassee, FL 8/30/2017242 27,588 21,524 7,015 80 %377 
1,728 $231,604 $161,824 $54,146 $3,364 
______________________
(a) A development property.


In the year ended September 30, 2018, the Company purchased its partner's 2.5% interest in Avalon Apartments, located in Pensacola, FL., for $250,000 and its partner's 20% interest in Kilburn Crossing located in Fredricksburg, VA., for $4,909,000.    

The table below provides information regarding the real estate property acquired by the Company subsequent to September 30, 2018 (dollars in thousands):
LocationPurchase
Date
No. of
Units
Contract
Purchase
Price
Acquisition
Mortgage
Debt
Initial BRT
Equity
Ownership PercentageCapitalized Property Acquisition Costs
Greenville, SC10/30/2018266 $37,750 $26,425 $12,920 90 %$509 
Schedule of Real Estate Disposals
The tables below provide information regarding the Company's disposition of real estate properties during the years ended September 30, (dollars in thousands):
2018
Location Sale Date No. of Units Sales Price Gain on Sale Non-Controlling Partner's Share of Gain on Sale 
Melbourne, FL 10/25/2017208 $22,250 $12,519 $2,504 
New York, NY (1) 1/18/2018470 439 — 
Valley, AL 2/23/2018618 51,000 9,712 4,547 
Palm Beach Gardens, FL 2/25/2018542 97,250 41,831 20,593 
New York, NY (1) 8/15/2018450 424 — 
1,370 $171,420 $64,925 $27,644 
(a) Reflects the sale of a cooperative apartment unit. 
2017 
Location Sale Date No. of Units Sales Price Gain on Sale Non-Controlling Partner's Share of Gain 
Greenville, NC 10/19/2016350 $68,000 $18,483 $9,329 
Panama City, FL 10/26/2016160 14,720 7,393 3,478 
Atlanta, GA 11/21/2016350 36,750 8,905 4,166 
Hixson, TN 11/30/2016156 10,775 608 152 
New York, NY (a) 12/21/2016465 449 — 
Humble, TX 7/27/2017260 18,000 7,707 3,143 
Humble, TX 7/27/2017160 11,300 4,767 1,943 
Pasadena, TX7/27/2017144 9,750 4,289 2,629 
1,581 $169,760 $52,601 $24,840 
(a) Reflects the sale of a cooperative apartment unit.
The table below provides information regarding the real estate property disposed of by the Company subsequent to September 30, 2018 (dollars in thousands):
Location Sale Date No. of Units Sales Price Estimated Gain on Sale Non-Controlling Partner's Share of Estimated Gain on Sale 
North Charleston, SC 11/7/2018271 $51,650 $12,000 $6,300