CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2010
Cash flows from operating activities:
Net income (loss)	$ 1,550	$ 4,924	$ (9,337)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:
Provision for loan losses			3,165
Recovery of previously provided allowances	(156)	(3,595)	(365)
Impairment charges			3,370
Depreciation and amortization	2,753	963	927
Amortization of deferred fee income	(2,249)	(1,777)	(219)
Accretion of junior subordinated notes principal		277	581
Amortization of securities discount		(28)	(69)
Amortization of restricted stock	758	845	833
Gain on sale of real estate assets from discontinued operations	(792)	(1,346)	(1,937)
Gain on sale of available-for-sale securities	(605)	(1,319)	(1,586)
Loss on extinguishment of debt		2,138
Gain on sale of loan	(3,192)
Equity in (earnings) of unconsolidated joint ventures	(829)	(350)	(196)
Distribution of earnings of unconsolidated joint ventures	578	210	193
Decrease (increase) in straight line rent	33	(54)	(330)
Increases and decreases from changes in other assets and liabilities:
Decrease (increase) in interest and dividends receivable	174	(410)	398
(Increase) decrease in prepaid expenses	(266)	240	115
(Increase) decrease in prepaid interest	(3,979)	211
Increase (decrease) in accounts payable and accrued liabilities	2,835	375	(960)
Increase in deferred costs	(308)	(142)
(Increase) decrease in security deposits and other receivable	(3,436)	153	(270)
Other	(353)	127	(27)
Net cash (used in) provided by operating activities	(7,484)	1,442	(5,714)
Cash flows from investing activities:
Collections from real estate loans	124,758	66,072	22,475
Additions to real estate loans	(98,607)	(131,255)	(17,384)
Proceeds from the sale of loans and loan participations	15,657	46,147	16,815
Loan loss recoveries	156	1,039	227
Additions to real estate properties	(118,382)	(2,421)
Net costs capitalized to real estate owned	(14,500)	(3,605)	(4,120)
Net change in restricted cash - construction holdbacks	(55,252)
Collection of loan fees	2,186	2,465	419
Proceeds from sale of real estate owned	859	4,035	15,930
Proceeds from sale of available-for-sale securities	3,939	7,590	3,425
Purchase of available-for-sale securities	(1,634)	(55)	(4,194)
Proceeds from maturity of held-to-maturity security			1,000
Distributions of capital from unconsolidated joint ventures	4,481	1,010	1,701
Contributions to unconsolidated joint ventures	(275)	(4,045)
Purchase of interest from non-controlling partner		(713)
Net cash (used in) provided by investing activities	(136,614)	(13,736)	36,294
Cash flows from financing activities:
Proceeds from borrowed funds	3,500
Repayment of borrowed funds	(3,500)
Repayment of junior subordinated notes		(5,000)
Proceeds from mortgages payable	162,508	2,130	3,202
Mortgage principal payments	(7,641)	(270)	(105)
Increase in deferred borrowing costs	(11,300)	(926)	(821)
Cash distribution - common shares			(1,334)
Expenses associated with stock issuance			(60)
Capital contributions from non-controlling interests	11,243	3,181	1,846
Capital distributions to non-controlling interests	(1,460)	(68)	(229)
Proceeds from sale of new market tax credits	25,848
Repurchase of shares of beneficial interest	(880)	(1,225)	(290)
Net cash provided by (used in) financing activities	178,318	(2,178)	2,209
Net increase (decrease) in cash and cash equivalents	34,220	(14,472)	32,789
Cash and cash equivalents at beginning of year	44,025	58,497	25,708
Cash and cash equivalents at end of year	78,245	44,025	58,497
Supplemental disclosures of cash flow information:
Cash paid during the year for interest expense, including capitalized interest of $1,373, $775 and $328 in 2012, 2011 and 2010	6,764	1,791	2,120
Cash paid during the year for income and excise taxes	220	8	17
Non cash investing and financing activities:
Common stock dividend - portion paid in the Trust's common shares			$ 11,916