Acquisitions and Dispositions (Tables)

3 Months Ended

Dec. 31, 2018

Business Combinations [Abstract]

Schedule of real estate acquisitions

The table below provides information regarding the Company's purchase of a multi-family property during the three months ended December 31, 2018 (dollars in thousands):

Location	Purchase Date	No. of Units	Purchase Price		Acquisition Mortgage Debt		Initial BRT Equity		Ownership Percentage	Capitalized Acquisition Costs
Greenville, SC	10/30/2018	266	$	37,750	$	26,425	$	12,920	90	$	509

In the quarter ended December 31, 2018, the Company purchased its partner's 20.0% equity interest in Kendall Apartments, located in Pensacola, FL, for $3,444,000. The property is now wholly owned by the Company.

The table below provides information regarding the Company's purchases of multi-family properties during the three months ended December 31, 2017 (dollars in thousands):

Location	Purchase Date	No. of Units	Purchase Price		Acquisition Mortgage Debt		Initial BRT Equity		Ownership Percentage		Capitalized Acquisition Costs
Madison, AL	12/7/2017	204	$	18,420	$	15,000	$	4,456	80.0	%	$	247
Boerne, TX (a)	12/14/2017	120	12,000		9,200		3,780		80.0	%	244
		324	$	30,420	$	24,200	$	8,236			$	491

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 (a) Purchase price includes $500 for the acquisition of a land parcel adjacent to the property.

Schedule of property dispositions

The following table is a summary of real estate properties disposed of by the Company during the three months ended December 31, 2018 (dollars in thousands):

Location	Sale Date	No. of Units	Sales Price		Gain on Sale		Non-controlling partner's portion of the gain
North Charleston, SC	11/07/2018	271	$	51,650	$	11,921	$	5,970
Lake St. Louis, MO	12/18/2018	420	41,200		7,593		2,077
		691	$	92,850	$	19,514	$	8,047

The following table is a summary of the real estate properties disposed of by the Company during the three months ended December 31, 2017 (dollars in thousands):

Location	Sale Date	No. of Units	Sales Price		Gain on Sale		Non-controlling partner's portion of the gain
Melbourne, FL	10/25/2017	208	$	22,250	$	12,519	$	2,504