Debt Obligations (Tables)

3 Months Ended

Dec. 31, 2018

Debt Disclosure [Abstract]

Schedule of debt obligations

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

	December 31, 2018		September 30, 2018
Mortgages payable	$	778,106	$	798,805
Junior subordinated notes	37,400		37,400
Deferred mortgage costs	(6,646)		(6,735)
Total debt obligations, net of deferred costs	$	808,860	$	829,470

Schedule of debt information

During the three months ended December 31, 2018, the Company obtained the following mortgage debt in connection with the related property acquisition (dollars in thousands):

Location	Closing Date	Acquisition Mortgage Debt		Interest Rate		Interest only period	Maturity Date
Greenville, SC	10/30/18	$	26,425	4.69	%	60 months	November 2028

The Company has a construction loan financing a development project. Information regarding this loan at December 31, 2018 is set forth below (dollars in thousand):

Location	Closing Date	Maximum Loan Amount		Amount outstanding		Interest Rate	Maturity Date	Extension Option
Nashville,TN	6/2/2017	$	47,426	$	29,272	LIBOR + 2.85%	6/2/2022	N/A