SCHEDULE III - REAL ESTSTE PROPERTIES AND ACCUMULATED DEPRECIATION

12 Months Ended

Sep. 30, 2012

SCHEDULE III - REAL ESTATE PROPERTIES AND ACCUMULATED DEPRECIATION

SCHEDULE III - REAL ESTATE PROPERTIES AND ACCUMULATED DEPRECIATION

		Initial Cost to Company				Costs Capitalized Subsequent to Acquisition						Gross Amount At Which Carried at September 30, 2012
		Initial Cost to Company				Costs Capitalized Subsequent to Acquisition						Gross Amount At Which Carried at September 30, 2012															Depreciation Life For Latest Income Statement
Description	Encumbrances		Land		Buildings and Improvements		Land		Improvements		Carrying Costs		Land		Buildings and Improvements		Total			Accumulated Amortization			Date of Construction			Date Acquired	Depreciation Life For Latest Income Statement
Commercial
Yonkers, NY.	$	1,954		—	$	4,000		—	$	53		—		—	$	4,053	$	4,053		$	1,304			(c	)	Aug-2000	39 years
South Daytona, FL.		—	$	10,437		—		—		—		—	$	7,972		—		7,972			—			N/A		Feb-2008	N/A
Newark, NJ		77,621		17,088		19,033	$	4,468		19,177	$	3,962		21,556		42,172		63,728			1,920			(c	)	June-2008	39 years
Multi-Family Residential
Marietta, GA		6,462		486		7,614		—		1,065		—		486		8,679		9,165			251			1972		Jan-2012	30 years
Lawrenceville, GA		4,687		1,450		4,800		—		844		—		1,450		5,644		7,094			114			1981		Feb-2012	30 years
Palm Beach Gardens, FL		45,200		16,260		43,140		—		741		—		16,260		43,881		60,141			827			1970		Mar-2012	30 years
Melbourne, FL		7,680		1,150		8,100		—		1,351		—		1,150		9,451		10,601			155			1987		Mar-2012	30 years
Collierville, TN		25,680		6,420		25,680		—		—		—		6,420		25,680		32,100			216			2000		June-2012	30 years
Misc.(1)		—		—		—				—		—		—		250		250			—			N/A

Total	$	169,284	$	53,291	$	112,367	$	4,468	$	23,231	$	3,962	$	55,294	$	139,810	$	195,104		$	4,787			—

																		(a	)		(b	)

(1): Represents loans which are reported as real estate because they do not qualify for sale treatment under current accounting guidance.

Notes to the schedule:


(a)	Total real estate properties	$	195,104
	Less: Accumulated depreciation and amortization		4,787

	Net real estate properties	$	190,317

(b)	Amortization of the Trust's leasehold interests is over the shorter of estimated useful life or the term of the respective land lease.
(c)	Information not readily obtainable.

A reconciliation of real estate properties is as follows:

	Year Ended September 30,

	2012		2011		2010
Balance at beginning of year	$	59,277	$	55,843	$	69,748
Additions:
Acquisitions		116,759		2,315		—
Capital improvements		3,716		141		1,741
Capitalized development expenses and carrying costs		12,622		4,371		2,379

		133,097		6,827		4,120

Deductions:
Sales		37		2,561		13,775
Depreciation/amortization/paydowns		2,020		832		880
Impairment charges		—		—		3,370

		2,057		3,393		18,025

Balance at end of year	$	190,317	$	59,277	$	55,843

The aggregate cost of investments in real estate assets for Federal income tax purposes is approximately $2,625 higher than book value.

- Definition

The entire disclosure for real estate and accumulated depreciation. This may include a schedule that describes the property and lists the initial cost of land, buildings and improvements, improvements and carrying costs capitalized after acquisition, and the total carrying cost for land, buildings and improvements for each property and in aggregate. The schedule also lists the accumulated depreciation for each property and in aggregate, the date each property was constructed and acquired, the useful life used to calculate depreciation and any encumbrances on the properties. The entity provides a reconciliation of the carrying amount of real estate from the beginning of the period to the end of the period. Any real estate investments that have been written down or reserved against are described, including the basis of the write-down. A material amount of intercompany profit in the total carrying amount of real estate is disclosed. The aggregate cost of all real estate investments for federal income tax purposes is also disclosed.

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