CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Cash flows from operating activities:
Net (loss) income	$ (1,506)	$ 1,364
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:
Recovery of previously provided allowances	(422)	(10)
Depreciation and amortization	3,727	611
Amortization of deferred fee income	(791)	(817)
Amortization of restricted stock	330	391
Gain on sale of real estate assets from discontinued operations		(490)
Gain on sale of available-for-sale securities	(482)	(324)
Gain on sale of loan		(3,192)
Equity in (earnings) loss of unconsolidated joint ventures	(129)	115
Distribution of earnings of unconsolidated joint ventures	90	355
Change in straight line rent	7	16
Increases and decreases from changes in other assets and liabilities:
(Increase) decrease in interest and dividends receivable	(550)	254
Decrease in prepaid expenses	7	120
Decrease in prepaid interest	1,507	165
Decrease in accounts payable and accrued liabilities	(113)	(2,058)
Decrease in deferred costs	(430)	(33)
Increase in security deposits and other receivables	(286)	(2,940)
Other	282	(8)
Net cash provided by (used in) operating activities	1,241	(6,481)
Cash flows from investing activities:
Collections from real estate loans	8,658	71,499
Additions to real estate loans	(63,038)	(66,099)
Loan loss recoveries	422	10
Additions to real estate properties	(64,600)	(68,650)
Net costs capitalized to real estate owned	(16,559)	(4,365)
Net change in restricted cash - construction holdbacks	14,665	(33,064)
Collection of loan fees	1,330	1,544
Proceeds from sale of real estate owned	24	516
Proceeds from sale of available-for-sale securities	991	2,513
Purchase of available-for-sale-securities		(1,634)
Distributions of capital of unconsolidated joint ventures		3,035
Contributions to unconsolidated joint ventures		(4,760)
Net cash used in investing activities	(118,107)	(99,455)
Cash flows from financing activities:
Increase in mortgages payable	52,248	88,992
Mortgage principal payments	(777)	(3,103)
Increase in deferred borrowing costs	(718)	(7,110)
Capital contributions from non-controlling interests	5,191	7,375
Capital distribution to non-controlling interests	(689)
Proceeds from sale of New Markets Tax Credits		13,730
Repurchase of shares of beneficial interest		(879)
Net cash provided by financing activities	55,255	99,005
Net decrease in cash and cash equivalents	(61,611)	(6,931)
Cash and cash equivalents at beginning of period	78,245	44,025
Cash and cash equivalents at end of period	16,634	37,094
Supplemental disclosure of cash flow information:
Cash paid during the period for interest, net of capitalized interest	4,669	1,383
Taxes paid	$ 80	$ 168