CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Sep. 30, 2011	Sep. 30, 2010	Sep. 30, 2009
Cash flows from operating activities:
Net income (loss)	$ 4,924	$ (9,337)	$ (48,360)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Provision for loan losses		3,165	17,110
Recovery of previously provided allowances	(3,595)	(365)
Impairment charges		3,370	31,046
Amortization and depreciation	963	927	1,686
Amortization of deferred fee income	(1,777)	(219)	(897)
Accretion of junior subordinated notes principal	277	581	322
Amortization of securities discount	(28)	(69)	(28)
Amortization of restricted stock	845	833	876
Gain on sale of real estate assets from discontinued operations	(1,346)	(1,937)	(2,199)
Gain on sale of available-for-sale securities	(1,319)	(1,586)	(1,016)
Loss (gain) on extinguishment of debt	2,138		(6,443)
Equity in (earnings) loss of unconsolidated joint ventures	(350)	(196)	2,791
Gain on sale of joint venture interest			(271)
Distribution of earnings of unconsolidated joint ventures	210	193	185
Increase in straight line rent	(54)	(330)	(16)
Increases and decreases from changes in other assets and liabilities:
(Increase) decrease in interest and dividends receivable	(410)	398	754
Decrease (increase) in prepaid expenses	451	115	(1,876)
Increase (decrease) in accounts payable and accrued liabilities	375	(960)	(1,431)
Increase in deferred costs	(142)
(Increase) decrease in security deposits and other receivable	153	(270)	60
Other	127	(27)	280
Net cash provided by (used in) operating activities	1,442	(5,714)	(7,427)
Cash flows from investing activities:
Collections from real estate loans	66,072	22,475	20,207
Additions to real estate loans	(131,255)	(17,384)	(12,704)
Proceeds from the sale of loans and loan participations	46,147	16,815
Loan loss recoveries	1,039	227	2,417
Net costs capitalized to real estate owned	(3,605)	(4,120)	(4,721)
Collection of loan fees	2,465	419	557
Additions to real estate	(2,421)		(15,718)
Proceeds from sale of real estate owned	4,035	15,930	25,152
Proceeds from sale of available-for-sale securities	7,590	3,425	2,668
Purchase of available-for-sale securities	(55)	(4,194)	(4,520)
Proceeds from maturity of held-to-maturity security		1,000
Distributions of capital of unconsolidated joint ventures	1,010	1,701	4,111
Contributions to unconsolidated joint ventures	(4,045)		(781)
Proceeds from the sale of joint venture interests			1,350
Purchase of interest from non-controlling partner	(713)
Net cash (used in) provided by investing activities	(13,736)	36,294	18,018
Cash flows from financing activities:
Proceeds from borrowed funds			6,000
Repayment of borrowed funds			(9,000)
Repayment of junior subordinated notes	(5,000)		(8,316)
Proceeds from mortgages payable	2,130	3,202	5,131
Mortgage principal payments	(270)	(105)	(86)
Increase in deferred borrowing costs	(926)	(821)	(987)
Cash distribution - common shares		(1,334)	(15,564)
Expenses associated with stock issuance		(60)
Capital contributions from non-controlling interests	3,181	1,846	3,117
Capital distributions to non-controlling interests	(68)	(229)
Repurchase of shares of beneficial interest	(1,225)	(290)	(943)
Net cash (used in) provided by financing activities	(2,178)	2,209	(20,648)
Net (decrease) increase in cash and cash equivalents	(14,472)	32,789	(10,057)
Cash and cash equivalents at beginning of year	58,497	25,708	35,765
Cash and cash equivalents at end of year	44,025	58,497	25,708
Supplemental disclosures of cash flow information:
Cash paid during the year for interest expense, including capitalized interest of $775 and $328 in 2011 and 2010	1,791	2,120	5,841
Cash paid during the year for income and excise taxes	8	17	145
Non cash investing and financing activities:
Common stock dividend - portion paid in the Trust's common shares		11,916
Reclassification of loans to real estate and real estate held for sale upon foreclosure			43,329
Accrued distributions			13,308
Junior subordinated notes redeemed to cancel statutory trust common securities			1,702
Issuance of warrants in connection with joint venture agreement	259
Seller financing provided for sale of real estate			17,777
Reclassification of real estate properties to/from real estate held for sale		8,552	6,801
Assumption of mortgages of consolidated joint venture			2,100
Reclassification of real estate loans to real estate loans held for sale	$ 8,446		$ 16,915