Acquisitions and Dispositions (Tables)

9 Months Ended

Jun. 30, 2017

Business Combinations [Abstract]

Schedule of real estate acquisitions

The table below provides information for the nine months ended June 30, 2016 regarding the Company's purchases of multi-family properties (dollars in thousands):

Location	Purchase Date	No. of Units	Purchase Price		Acquisition Mortgage Debt		Initial BRT Equity		Ownership Percentage		Expensed Acquisition Costs
N. Charleston, SC (a)	10/13/2015	271	$	3,625	—		$	6,558	65	%	—
La Grange, GA	11/18/2015	236	22,800		$	16,051	6,824		100	%	$	57
Katy, TX	1/22/2016	268	40,250		30,750		8,150		75	%	382
Macon, GA	2/1/2016	240	14,525		11,200		3,250		80	%	158
Southaven, MS	2/29/2016	392	35,000		28,000		5,856		60	%	413
San Antonio, TX	5/6/2016	288	35,150		26,400		6,688		65	%	$	539
Dallas, TX	5/11/2016	494	37,000		27,938		6,750		50	%	$	567
Columbia, SC	5/31/2016	204	17,000		12,934		4,930		80	%	$	302
		2,393	$	205,350	$	153,273	$	49,006			$	2,418

(a) This 41.5 acre land parcel was purchased for development. The initial equity includes funds contributed in connection with commencement of construction.

The table below provides information for the nine months ended June 30,2017 regarding the Company's purchases of multi-family properties (dollars in thousands):

Location	Purchase Date	No. of Units	Purchase Price		Acquisition Mortgage Debt		Initial BRT Equity		Ownership Percentage		Capitalized Acquisition Costs (b)
Fredricksburg, VA	11/4/2016	220	$	38,490	$	29,900	$	8,720	80	%	$	643
St. Louis, MO	2/28/2017	53	8,000		6,200		2,002		75.5	%	134
St. Louis, MO	2/28/2017	128	27,000		20,000		6,001		75.5	%	423
Creve Coeur, MO	4/4/2017	174	39,600		29,000		9,408		78	%	569
West Nashville, TN (a)	6/2/2017	402	5,228		—		4,800		58	%	—
Farmers Branch, TX	6/29/2017	509	85,698		55,200		16,200		50	%	992
		1,486	$	204,016	$	140,300	$	47,131			$	2,761

_______________________________

(a) This 44.0 acre land parcel was purchased for development.

(b) See Note 15.

Schedule of property dispositions

The following table is a summary of the real estate properties disposed of by the Company in the nine months ended June 30, 2017 (dollars in thousands):

Location	Sale Date	No. of Units	Sales Price		Gain on Sale		Non-controlling partner portion of gain
Greenville, NC	10/19/2016	350	$	68,000	$	18,483	$	9,329
Panama City, FL	10/26/2016	160	14,720		7,393		3,478
Atlanta, GA	11/21/2016	350	36,750		8,905		4,166
Hixson, TN	11/30/2016	156	10,775		608		152
New York, NY	12/21/2016	1	465		449		—
		1,017	$	130,710	$	35,838	$	17,125

The following table is a summary of the real estate properties disposed of by the Company in the nine months ended June 30, 2016 (dollars in thousands):

Location	Sale Date	No. of Units	Sales Price		Gain on Sale		Non-controlling partner portion of gain
New York, NY	10/1/2015	1	$	652	$	609	—
Cordova, TN	3/2/2016	464	31,100		6,764		$	2,195
Kennesaw, GA	3/15/2016	450	64,000		17,429		10,037
Pooler, GA	4/6/2016	300	38,500		5,710		1,405
Collierville, TN	6/1/2016	324	34,300		4,586		917
		1,539	$	168,552	$	35,098	$	14,554