XML 43 R29.htm IDEA: XBRL DOCUMENT v3.6.0.2
Investments in Joint Ventures (Tables)
12 Months Ended
Sep. 30, 2016
Equity Method Investments and Joint Ventures [Abstract]  
Investments in Joint Ventures (in thousands)

                            The  
                            Company's  
                Total Assets     Net Loss     Share of Net  
          Total     of the     of the     Loss of the  
    Ownership     Investment     Partnership     Partnership     Partnership  
                               
As of September 30, 2016                              
RiverFront Holdings I, LLC   77.14 %   $  11,261     $  85,106     $   (1,193 )   $   (938 )
Brooksville Quarry, LLC   50.00 %   7,496     14,350     (80 )   (40 )
BC FRP Realty, LLC   50.00 %   5,097     10,573              
   Total         $  23,854     $ 110,029     $  (1,273 )   $  (978 )
                               
As of September 30, 2015                              
RiverFront Holdings I, LLC   76.91 %   $  11,517     $  40,970     $   (108 )   $   (105 )
Brooksville Quarry, LLC   50.00 %   7,493     14,336     (80 )   (40 )
   Total         $  19,010     $  55,306     $  (188 )   $  (145 )

Financial Information for the Investments in Joint Ventures in thousands)

    As of September 30, 2016
    Riverfront   Brooksville   BCF FRP    
    Holdings I, LLC   Quarry, LLC   Realty, LLC   Total
                 
Cash   $ 297     $ 35     $ 20     $ 352  
Cash held in escrow     13       —         —         13  
Amortizable Debt Costs     1,179       —         —         1,179  
Investments in real estate, net     83,617       14,315       10,553       108,485  
     Total Assets   $ 85,106     $ 14,350     $ 10,573     $ 110,029  
                                 
Other Liabilities   $ 5,140     $ 65     $ 17     $ 5,222  
Long-term Debt     63,495       —         —         63,495  
Capital - FRP     11,261       7,496       5,097       23,854  
Capital - Third Parties     5,210       6,789       5,459       17,458  
     Total Liabilities and Capital   $ 85,106     $ 14,350     $ 10,573     $ 110,029  

 

 

    As of September 30, 2015
    Riverfront   Brooksville    
    Holdings I, LLC   Quarry, LLC   Total
             
Cash   $ 47     $ 14     $ 61  
Cash held in escrow     3,420       —         3,420  
Amortizable Debt Costs     1,593       —         1,593  
Investments in real estate, net     35,910       14,322       50,232  
     Total Assets   $ 40,970     $ 14,336     $ 55,306  
                         
Other Liabilities   $ 6,905     $ 64     $ 6,969  
Long-term Debt     17,000       —         17,000  
Capital - FRP     11,517       7,493       19,010  
Capital - Third Parties     5,548       6,779       12,327  
     Total Liabilities and Capital   $ 40,970     $ 14,336     $ 55,306  

Income statements for Riverfront Holdings I, LLC (in thousands)
    Years Ended September 30,
    2016   2015   2014
Revenue   $ 127       —         —    
Cost of operations     1,040       108       89  
Operating profit     (913     (108     (89
Interest expense     (280 )     —         —    
Net loss of the Partnership   $ (1,193     (108     (89