DEBT OBLIGATIONS (Tables)

12 Months Ended

Sep. 30, 2018

Debt Disclosure [Abstract]

Schedule of Debt Obligations

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

	September 30,
	2018		2017
Mortgages payable	$	798,805	$	704,171
Junior subordinated notes	37,400		37,400
Deferred mortgage costs	(6,735)		(6,727)
Total debt obligations	$	829,470	$	734,844

Schedule of Maturities of Long-term Debt

Scheduled principal repayments for the next five years and thereafter are as follows (dollars in thousands):

Year Ending September 30,	Scheduled Principal Payments
2019	$	34,819
2020	62,621		(a)
2021	22,622
2022	59,496
2023	92,478
Thereafter	526,769
	$	798,805

_____________________

(a) Includes $30,265 in 2020 related to Factory at Garco Park, North Charleston, SC, which was sold subsequent to September 30, 2018.

Schedule of Outstanding Debt

The Company incurred the following mortgage debt in connection with these acquisitions in the years ended September 30, (dollars in thousands):

2018

Location	Closing Date	Acquisition Mortgage Debt		Interest Rate		Interest only period	Maturity Date
Madison, AL	12/7/2017	$	15,000	4.08	%	60 months	January 2028
Boerne, TX	12/14/2017	9,200		LIBOR +2.39%		36 months	January 2028	(a)
Ocoee, FL	2/7/2018	53,060		3.90	%	84 months	January 2028
Lawrenceville, GA	2/15/2018	54,447		3.97	%	120 months	March 2028
Daytona Beach, FL	4/30/2018	13,608		3.94	%	24 months	May 2025
Grand Prairie, TX	5/17/2018	18,995		4.37	%	60 months	June 2028
		$	164,310

____________________

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

2017

Location	Closing Date	Acquisition Mortgage Debt		Interest Rate	Interest only period	Maturity Date
Fredricksburg, VA	11/4/2016	$	27,638	3.68%	N/A	February 2027
Saint Louis, MO	2/28/2017	20,000		4.79%	72 months	March 2027
Saint Louis, MO	2/28/2017	6,197		4.84%	72 months	March 2027
Creve Coeur, MO	4/4/2017	29,000		LIBOR +2.50%	N/A	July 2019
Farmers Branch, TX	6/29/2017	55,200		4.22%	60 months	July 2028
Tallahassee, FL	8/30/2017	21,524		4.19%	60 months	September 2027
		$	159,559

During the year ended September 30, 2017, the Company obtained supplemental fixed rate financing as set forth in the table below (dollars in thousands):

Location	Closing Date	Supplemental Mortgage Debt		Interest Rate	Maturity Date
Fredricksburg, VA	11/4/2016	$	2,261	4.84%	February 2027
Decatur, GA	5/31/2017	4,941		5.32%	December 2022
		$	7,202