CONSOLIDATED STATEMENT OF CASH FLOWS (USD $)	12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012
Cash flows from operating activities
Net (loss) income	$ (16,166,000)	$ 2,089,000	$ 1,550,000
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:
Recovery of previously provided allowances	(10,000)	(1,066,000)	(156,000)
Amortization and depreciation	17,535,000	8,713,000	2,753,000
Amortization of deferred fee income	(393,000)	(1,820,000)	(2,249,000)
Amortization of restricted stock	805,000	691,000	758,000
Gain on sale of partnership interest		(5,481,000)
Gain on sale of real estate assets		(769,000)	(792,000)
Gain on sale of available-for-sale securities		(530,000)	(605,000)
Gain on sale of loan			(3,192,000)
Equity in earnings of unconsolidated joint ventures	(19,000)	(198,000)	(829,000)
Distribution of earnings of unconsolidated joint ventures	8,000	175,000	578,000
(Increase) decrease in straight line rent	(569,000)	(264,000)	33,000
Increases and decreases from changes in other assets
Decrease in interest and dividends receivable	273,000	183,000	174,000
Increase in prepaid expenses	(548,000)	(440,000)	(266,000)
(Increase) decrease in prepaid interest	(1,016,000)	2,463,000	(3,979,000)
Increase in accounts payable and accrued liabilities	7,416,000	1,460,000	2,835,000
Decrease in deferred costs		(519,000)	(308,000)
Increase in security deposits and other receivable	(12,167,000)	(3,995,000)	(3,436,000)
Other	16,000	74,000	(353,000)
Net cash (used in) provided by operating activities	(4,835,000)	766,000	(7,484,000)
Cash flows from investing activities:
Collections from real estate loans	34,045,000	76,872,000	124,758,000
Additions to real estate loans	(5,533,000)	(70,288,000)	(98,607,000)
Proceeds from the sale of loans and loan participations			15,657,000
Loan loss recoveries	10,000	1,066,000	156,000
Additions to real estate properties	(205,220,000)	(185,453,000)	(118,382,000)
Net costs capitalized to real estate owned	(43,130,000)	(33,860,000)	(14,500,000)
Collection of loan fees	180,000	1,520,000	2,186,000
Proceeds from sale of real estate owned	75,000	887,000	859,000
Proceeds from sale of available-for-sale securities		1,318,000	3,939,000
Proceeds from the sale of partnership interest		5,522,000
Purchase of available-for-sale securities			(1,634,000)
Distributions of capital from unconsolidated joint ventures			4,481,000
Contributions to unconsolidated joint ventures			(275,000)
Net cash used in investing activities	(219,324,000)	(179,444,000)	(136,978,000)
Cash flows from financing activities:
Proceeds from borrowed funds		3,000,000	3,500,000
Repayment of borrowed funds		(3,000,000)	(3,500,000)
Proceeds from mortgages payable	170,767,000	147,957,000	162,508,000
Mortgage principal payments	(1,577,000)	(4,025,000)	(7,641,000)
Increase in deferred borrowing costs	(2,641,000)	(2,052,000)	(11,300,000)
Capital contributions from non-controlling interests	22,062,000	17,192,000	11,243,000
Capital distributions to non-controlling interests	(3,318,000)	(1,370,000)	(1,460,000)
Proceeds from sale of New Markets Tax Credits	5,142,000		25,848,000
Repurchase of shares of beneficial interest			(880,000)
Net cash provided by (used in) financing activities	190,435,000	157,702,000	178,318,000
Net (decrease) increase in cash and cash equivalents	(33,724,000)	(20,976,000)	33,856,000
Cash and cash equivalents at beginning of year	56,905,000	77,881,000	44,025,000
Cash and cash equivalents at end of year	23,181,000	56,905,000	77,881,000
Supplemental disclosure of cash flow information:
Cash paid during the year for interest expense, including capitalized interest of $0, $1,820 and $1,373 in 2014, 2013 and 2012	19,700,000	10,753,000	6,764,000
Acquisition of real estate through assumption of debt	28,615,000
Commercial/mixed use properties | Newark Joint Venture | Primary Beneficiary
Cash flows from investing activities:
Net change in restricted cash	6,444,000	25,973,000	(55,252,000)
Multi-family residential
Cash flows from investing activities:
Net change in restricted cash	$ (6,195,000)	$ (3,001,000)	$ (364,000)