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SCHEDULE III - REAL ESTATE PROPERTIES AND ACCUMULATED DEPRECIATION (Details)
$ in Thousands
12 Months Ended
Sep. 30, 2016
USD ($)
Real estate properties and accumulated depreciation  
Encumbrances $ 621,382
Initial Cost to Company  
Land 130,825
Buildings and Improvements 620,625
Costs Capitalized Subsequent to
Acquisition  
Land 49
Improvements 88,562
Carrying Costs 663
Gross Amount At Which Carried at September 30, 2016  
Land 128,409
Buildings and Improvements 709,850
Total 838,259
Accumulated Depreciation 44,687
Commercial | Yonkers, NY  
Real estate properties and accumulated depreciation  
Encumbrances 1,560
Initial Cost to Company  
Land 0
Buildings and Improvements 4,000
Costs Capitalized Subsequent to
Acquisition  
Land 0
Improvements 194
Carrying Costs 0
Gross Amount At Which Carried at September 30, 2016  
Land 0
Buildings and Improvements 4,194
Total 4,194
Accumulated Depreciation $ 1,727
Depreciation Life For Latest Income Statement 39 years
Commercial | South Daytona, FL  
Real estate properties and accumulated depreciation  
Encumbrances $ 0
Initial Cost to Company  
Land 10,437
Buildings and Improvements 0
Costs Capitalized Subsequent to
Acquisition  
Land 49
Improvements 0
Carrying Costs 0
Gross Amount At Which Carried at September 30, 2016  
Land 8,021
Buildings and Improvements 0
Total 8,021
Accumulated Depreciation 0
Multi-family residential | Palm Beach Gardens, FL  
Real estate properties and accumulated depreciation  
Encumbrances 47,125
Initial Cost to Company  
Land 16,260
Buildings and Improvements 43,132
Costs Capitalized Subsequent to
Acquisition  
Land 0
Improvements 4,420
Carrying Costs 0
Gross Amount At Which Carried at September 30, 2016  
Land 16,260
Buildings and Improvements 47,552
Total 63,812
Accumulated Depreciation $ 8,054
Depreciation Life For Latest Income Statement 30 years
Multi-family residential | Melbourne, FL  
Real estate properties and accumulated depreciation  
Encumbrances $ 9,211
Initial Cost to Company  
Land 1,150
Buildings and Improvements 8,680
Costs Capitalized Subsequent to
Acquisition  
Land 0
Improvements 1,414
Carrying Costs 0
Gross Amount At Which Carried at September 30, 2016  
Land 1,150
Buildings and Improvements 10,094
Total 11,244
Accumulated Depreciation $ 1,900
Depreciation Life For Latest Income Statement 30 years
Multi-family residential | North Charleston, SC  
Real estate properties and accumulated depreciation  
Encumbrances $ 17,130
Initial Cost to Company  
Land 2,436
Buildings and Improvements 18,970
Costs Capitalized Subsequent to
Acquisition  
Land 0
Improvements 1,002
Carrying Costs 0
Gross Amount At Which Carried at September 30, 2016  
Land 2,436
Buildings and Improvements 19,972
Total 22,408
Accumulated Depreciation $ 2,871
Depreciation Life For Latest Income Statement 30 years
Multi-family residential | Decatur, GA  
Real estate properties and accumulated depreciation  
Encumbrances $ 10,352
Initial Cost to Company  
Land 1,697
Buildings and Improvements 8,676
Costs Capitalized Subsequent to
Acquisition  
Land 0
Improvements 1,413
Carrying Costs 0
Gross Amount At Which Carried at September 30, 2016  
Land 1,697
Buildings and Improvements 10,089
Total 11,786
Accumulated Depreciation $ 1,379
Depreciation Life For Latest Income Statement 30 years
Multi-family residential | Panama City, FL (Location 1)  
Real estate properties and accumulated depreciation  
Encumbrances $ 5,336
Initial Cost to Company  
Land 1,411
Buildings and Improvements 5,745
Costs Capitalized Subsequent to
Acquisition  
Land 0
Improvements 716
Carrying Costs 0
Gross Amount At Which Carried at September 30, 2016  
Land 1,411
Buildings and Improvements 6,461
Total 7,872
Accumulated Depreciation $ 952
Depreciation Life For Latest Income Statement 30 years
Multi-family residential | Houston, TX (Stone)  
Real estate properties and accumulated depreciation  
Encumbrances $ 12,899
Initial Cost to Company  
Land 5,143
Buildings and Improvements 11,524
Costs Capitalized Subsequent to
Acquisition  
Land 0
Improvements 400
Carrying Costs 0
Gross Amount At Which Carried at September 30, 2016  
Land 5,143
Buildings and Improvements 11,924
Total 17,067
Accumulated Depreciation $ 1,503
Depreciation Life For Latest Income Statement 30 years
Multi-family residential | Houston, TX (Pathways)  
Real estate properties and accumulated depreciation  
Encumbrances $ 7,398
Initial Cost to Company  
Land 3,044
Buildings and Improvements 5,463
Costs Capitalized Subsequent to
Acquisition  
Land 0
Improvements 838
Carrying Costs 0
Gross Amount At Which Carried at September 30, 2016  
Land 3,044
Buildings and Improvements 6,301
Total 9,345
Accumulated Depreciation $ 753
Depreciation Life For Latest Income Statement 30 years
Multi-family residential | Hixson, TN  
Real estate properties and accumulated depreciation  
Encumbrances $ 8,117
Initial Cost to Company  
Land 1,231
Buildings and Improvements 9,561
Costs Capitalized Subsequent to
Acquisition  
Land 0
Improvements 298
Carrying Costs 0
Gross Amount At Which Carried at September 30, 2016  
Land 1,231
Buildings and Improvements 9,859
Total 11,090
Accumulated Depreciation $ 1,137
Depreciation Life For Latest Income Statement 30 years
Multi-family residential | Pasadena, TX (Ashwood)  
Real estate properties and accumulated depreciation  
Encumbrances $ 3,988
Initial Cost to Company  
Land 1,513
Buildings and Improvements 3,864
Costs Capitalized Subsequent to
Acquisition  
Land 0
Improvements 429
Carrying Costs 0
Gross Amount At Which Carried at September 30, 2016  
Land 1,513
Buildings and Improvements 4,293
Total 5,806
Accumulated Depreciation $ 502
Depreciation Life For Latest Income Statement 30 years
Multi-family residential | Humble, TX (Parkside)  
Real estate properties and accumulated depreciation  
Encumbrances $ 4,930
Initial Cost to Company  
Land 1,113
Buildings and Improvements 5,534
Costs Capitalized Subsequent to
Acquisition  
Land 0
Improvements 467
Carrying Costs 0
Gross Amount At Which Carried at September 30, 2016  
Land 1,113
Buildings and Improvements 6,001
Total 7,114
Accumulated Depreciation $ 677
Depreciation Life For Latest Income Statement 30 years
Multi-family residential | Humble, TX (Meadowbrook)  
Real estate properties and accumulated depreciation  
Encumbrances $ 7,726
Initial Cost to Company  
Land 1,996
Buildings and Improvements 8,425
Costs Capitalized Subsequent to
Acquisition  
Land 0
Improvements 794
Carrying Costs 0
Gross Amount At Which Carried at September 30, 2016  
Land 1,996
Buildings and Improvements 9,219
Total 11,215
Accumulated Depreciation $ 1,003
Depreciation Life For Latest Income Statement 30 years
Multi-family residential | Huntsville, AL  
Real estate properties and accumulated depreciation  
Encumbrances $ 12,212
Initial Cost to Company  
Land 1,047
Buildings and Improvements 10,942
Costs Capitalized Subsequent to
Acquisition  
Land 0
Improvements 1,439
Carrying Costs 0
Gross Amount At Which Carried at September 30, 2016  
Land 1,047
Buildings and Improvements 12,381
Total 13,428
Accumulated Depreciation $ 1,339
Depreciation Life For Latest Income Statement 30 years
Multi-family residential | Columbus, OH  
Real estate properties and accumulated depreciation  
Encumbrances $ 10,164
Initial Cost to Company  
Land 2,810
Buildings and Improvements 11,240
Costs Capitalized Subsequent to
Acquisition  
Land 0
Improvements 315
Carrying Costs 0
Gross Amount At Which Carried at September 30, 2016  
Land 2,810
Buildings and Improvements 11,555
Total 14,365
Accumulated Depreciation $ 1,450
Depreciation Life For Latest Income Statement 30 years
Multi-family residential | Indianapolis, IN  
Real estate properties and accumulated depreciation  
Encumbrances $ 14,500
Initial Cost to Company  
Land 4,477
Buildings and Improvements 14,240
Costs Capitalized Subsequent to
Acquisition  
Land 0
Improvements 1,997
Carrying Costs 0
Gross Amount At Which Carried at September 30, 2016  
Land 4,477
Buildings and Improvements 16,237
Total 20,714
Accumulated Depreciation $ 1,573
Depreciation Life For Latest Income Statement 30 years
Multi-family residential | Greenville, SC (Location 1)  
Real estate properties and accumulated depreciation  
Encumbrances $ 37,961
Initial Cost to Company  
Land 7,487
Buildings and Improvements 0
Costs Capitalized Subsequent to
Acquisition  
Land 0
Improvements 41,680
Carrying Costs 608
Gross Amount At Which Carried at September 30, 2016  
Land 7,487
Buildings and Improvements 42,288
Total 49,775
Accumulated Depreciation $ 1,665
Depreciation Life For Latest Income Statement 30 years
Multi-family residential | Nashville, TN  
Real estate properties and accumulated depreciation  
Encumbrances $ 23,623
Initial Cost to Company  
Land 4,565
Buildings and Improvements 22,054
Costs Capitalized Subsequent to
Acquisition  
Land 0
Improvements 2,239
Carrying Costs 0
Gross Amount At Which Carried at September 30, 2016  
Land 4,565
Buildings and Improvements 24,293
Total 28,858
Accumulated Depreciation $ 2,001
Depreciation Life For Latest Income Statement 30 years
Multi-family residential | Atlanta, GA (Location 1)  
Real estate properties and accumulated depreciation  
Encumbrances $ 27,052
Initial Cost to Company  
Land 2,283
Buildings and Improvements 25,921
Costs Capitalized Subsequent to
Acquisition  
Land 0
Improvements 670
Carrying Costs 0
Gross Amount At Which Carried at September 30, 2016  
Land 2,283
Buildings and Improvements 26,591
Total 28,874
Accumulated Depreciation $ 1,799
Depreciation Life For Latest Income Statement 30 years
Multi-family residential | Houston, TX (Kendall)  
Real estate properties and accumulated depreciation  
Encumbrances $ 15,314
Initial Cost to Company  
Land 1,849
Buildings and Improvements 13,346
Costs Capitalized Subsequent to
Acquisition  
Land 0
Improvements 1,557
Carrying Costs 0
Gross Amount At Which Carried at September 30, 2016  
Land 1,849
Buildings and Improvements 14,903
Total 16,752
Accumulated Depreciation $ 1,264
Depreciation Life For Latest Income Statement 30 years
Multi-family residential | Pensacola, FL  
Real estate properties and accumulated depreciation  
Encumbrances $ 19,750
Initial Cost to Company  
Land 2,758
Buildings and Improvements 25,192
Costs Capitalized Subsequent to
Acquisition  
Land 0
Improvements 521
Carrying Costs 0
Gross Amount At Which Carried at September 30, 2016  
Land 2,758
Buildings and Improvements 25,713
Total 28,471
Accumulated Depreciation $ 1,826
Depreciation Life For Latest Income Statement 30 years
Multi-family residential | Valley, AL  
Real estate properties and accumulated depreciation  
Encumbrances $ 28,990
Initial Cost to Company  
Land 1,040
Buildings and Improvements 42,710
Costs Capitalized Subsequent to
Acquisition  
Land 0
Improvements 455
Carrying Costs 0
Gross Amount At Which Carried at September 30, 2016  
Land 1,040
Buildings and Improvements 43,165
Total 44,205
Accumulated Depreciation $ 2,130
Depreciation Life For Latest Income Statement 30 years
Multi-family residential | San Marcos, TX  
Real estate properties and accumulated depreciation  
Encumbrances $ 17,158
Initial Cost to Company  
Land 2,163
Buildings and Improvements 19,562
Costs Capitalized Subsequent to
Acquisition  
Land 0
Improvements 183
Carrying Costs 0
Gross Amount At Which Carried at September 30, 2016  
Land 2,163
Buildings and Improvements 19,745
Total 21,908
Accumulated Depreciation $ 974
Depreciation Life For Latest Income Statement 30 years
Multi-family residential | Lake St. Louis, MO  
Real estate properties and accumulated depreciation  
Encumbrances $ 27,397
Initial Cost to Company  
Land 2,752
Buildings and Improvements 33,248
Costs Capitalized Subsequent to
Acquisition  
Land 0
Improvements 421
Carrying Costs 0
Gross Amount At Which Carried at September 30, 2016  
Land 2,752
Buildings and Improvements 33,669
Total 36,421
Accumulated Depreciation $ 1,360
Depreciation Life For Latest Income Statement 30 years
Multi-family residential | North Charleston, MO  
Real estate properties and accumulated depreciation  
Encumbrances $ 13,544
Initial Cost to Company  
Land 3,704
Buildings and Improvements 0
Costs Capitalized Subsequent to
Acquisition  
Land 0
Improvements 21,131
Carrying Costs 55
Gross Amount At Which Carried at September 30, 2016  
Land 3,704
Buildings and Improvements 21,186
Total 24,890
Accumulated Depreciation $ 0
Depreciation Life For Latest Income Statement 30 years
Multi-family residential | LaGrange, GA  
Real estate properties and accumulated depreciation  
Encumbrances $ 15,786
Initial Cost to Company  
Land 832
Buildings and Improvements 21,968
Costs Capitalized Subsequent to
Acquisition  
Land 0
Improvements 389
Carrying Costs 0
Gross Amount At Which Carried at September 30, 2016  
Land 832
Buildings and Improvements 22,357
Total 23,189
Accumulated Depreciation $ 770
Depreciation Life For Latest Income Statement 30 years
Multi-family residential | Katy, TX  
Real estate properties and accumulated depreciation  
Encumbrances $ 30,750
Initial Cost to Company  
Land 4,194
Buildings and Improvements 36,056
Costs Capitalized Subsequent to
Acquisition  
Land 0
Improvements 240
Carrying Costs 0
Gross Amount At Which Carried at September 30, 2016  
Land 4,194
Buildings and Improvements 36,296
Total 40,490
Accumulated Depreciation $ 1,149
Depreciation Life For Latest Income Statement 30 years
Multi-family residential | Macon, GA  
Real estate properties and accumulated depreciation  
Encumbrances $ 11,200
Initial Cost to Company  
Land 1,876
Buildings and Improvements 12,649
Costs Capitalized Subsequent to
Acquisition  
Land 0
Improvements 180
Carrying Costs 0
Gross Amount At Which Carried at September 30, 2016  
Land 1,876
Buildings and Improvements 12,829
Total 14,705
Accumulated Depreciation $ 389
Depreciation Life For Latest Income Statement 30 years
Multi-family residential | Southaven, MS (Location 1)  
Real estate properties and accumulated depreciation  
Encumbrances $ 28,000
Initial Cost to Company  
Land 2,090
Buildings and Improvements 32,910
Costs Capitalized Subsequent to
Acquisition  
Land 0
Improvements 1,286
Carrying Costs 0
Gross Amount At Which Carried at September 30, 2016  
Land 2,090
Buildings and Improvements 34,196
Total 36,286
Accumulated Depreciation $ 812
Depreciation Life For Latest Income Statement 30 years
Multi-family residential | San Antonio, TX (Location 1)  
Real estate properties and accumulated depreciation  
Encumbrances $ 26,400
Initial Cost to Company  
Land 5,540
Buildings and Improvements 29,610
Costs Capitalized Subsequent to
Acquisition  
Land 0
Improvements 443
Carrying Costs 0
Gross Amount At Which Carried at September 30, 2016  
Land 5,540
Buildings and Improvements 30,053
Total 35,593
Accumulated Depreciation $ 728
Depreciation Life For Latest Income Statement 30 years
Multi-family residential | Dallas, TX  
Real estate properties and accumulated depreciation  
Encumbrances $ 27,937
Initial Cost to Company  
Land 13,073
Buildings and Improvements 23,927
Costs Capitalized Subsequent to
Acquisition  
Land 0
Improvements 917
Carrying Costs 0
Gross Amount At Which Carried at September 30, 2016  
Land 13,073
Buildings and Improvements 24,844
Total 37,917
Accumulated Depreciation $ 409
Depreciation Life For Latest Income Statement 30 years
Multi-family residential | Columbia, SC  
Real estate properties and accumulated depreciation  
Encumbrances $ 12,934
Initial Cost to Company  
Land 2,233
Buildings and Improvements 14,767
Costs Capitalized Subsequent to
Acquisition  
Land 0
Improvements 93
Carrying Costs 0
Gross Amount At Which Carried at September 30, 2016  
Land 2,233
Buildings and Improvements 14,860
Total 17,093
Accumulated Depreciation $ 284
Depreciation Life For Latest Income Statement 30 years
Multi-family residential | Atlanta, GA (Location 2)  
Real estate properties and accumulated depreciation  
Encumbrances $ 27,375
Initial Cost to Company  
Land 9,491
Buildings and Improvements 29,634
Costs Capitalized Subsequent to
Acquisition  
Land 0
Improvements 7
Carrying Costs 0
Gross Amount At Which Carried at September 30, 2016  
Land 9,491
Buildings and Improvements 29,641
Total 39,132
Accumulated Depreciation $ 155
Depreciation Life For Latest Income Statement 30 years
Multi-family residential | Southaven, MS (Location 2)  
Real estate properties and accumulated depreciation  
Encumbrances $ 30,563
Initial Cost to Company  
Land 2,100
Buildings and Improvements 36,105
Costs Capitalized Subsequent to
Acquisition  
Land 0
Improvements 14
Carrying Costs 0
Gross Amount At Which Carried at September 30, 2016  
Land 2,100
Buildings and Improvements 36,119
Total 38,219
Accumulated Depreciation $ 100
Depreciation Life For Latest Income Statement 30 years
Multi-family residential | San Antonio, TX (Location 2)  
Real estate properties and accumulated depreciation  
Encumbrances $ 27,000
Initial Cost to Company  
Land 5,030
Buildings and Improvements 30,970
Costs Capitalized Subsequent to
Acquisition  
Land 0
Improvements 0
Carrying Costs 0
Gross Amount At Which Carried at September 30, 2016  
Land 5,030
Buildings and Improvements 30,970
Total 36,000
Accumulated Depreciation $ 52
Depreciation Life For Latest Income Statement 30 years