CONTINGENCIES AND COMMITMENTS	6 Months Ended
Mar. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
CONTINGENCIES AND COMMITMENTS	NOTE 9 – CONTINGENCIES AND COMMITMENTS We have entered into agreements to purchase four new build-to-suit, industrial buildings that are currently being developed in Georgia, North Carolina, Ohio, and Utah. These four future acquisitions total 1.5 million square feet, with net-leased terms ranging from 15 to 20 years, and with a weighted average lease term of 17.2 years. The aggregate purchase price for these properties is $229.6 million. Three of these four properties, consisting of approximately 844,000 square feet, or 56%, are leased for 15 years to FDX and its subsidiaries. All four properties are leased to companies, or subsidiaries of companies, that are considered Investment Grade by S&P Global Ratings (www.standardandpoors.com) and by Moody’s (www.moodys.com). The references in this report to the S&P Global Ratings’ website and the Moody’s website are not intended to and do not include, or incorporate by reference into this report, the information of S&P Global Ratings or Moody’s on such websites. Subject to satisfactory due diligence and other customary closing conditions and requirements, we anticipate closing two of these transactions during fiscal 2020 and two of these transactions during fiscal 2021. In connection with three of these four properties, we have entered into commitments to obtain three 15 year fully-amortizing mortgage loans for $85.7 million with a weighted average fixed interest rate of 3.03%. From time to time, we may be subject to claims and litigation in the ordinary course of business. We do not believe that any such claim or litigation will have a material adverse effect on the Consolidated Balance Sheets or results of operations.

CONTINGENCIES AND COMMITMENTS

6 Months Ended

Mar. 31, 2020

Commitments and Contingencies Disclosure [Abstract]

NOTE 9 – CONTINGENCIES AND COMMITMENTS

We have entered into agreements to purchase four new build-to-suit, industrial buildings that are currently being developed in Georgia, North Carolina, Ohio, and Utah. These four future acquisitions total 1.5 million square feet, with net-leased terms ranging from 15 to 20 years, and with a weighted average lease term of 17.2 years. The aggregate purchase price for these properties is $229.6 million. Three of these four properties, consisting of approximately 844,000 square feet, or 56%, are leased for 15 years to FDX and its subsidiaries. All four properties are leased to companies, or subsidiaries of companies, that are considered Investment Grade by S&P Global Ratings (www.standardandpoors.com) and by Moody’s (www.moodys.com). The references in this report to the S&P Global Ratings’ website and the Moody’s website are not intended to and do not include, or incorporate by reference into this report, the information of S&P Global Ratings or Moody’s on such websites. Subject to satisfactory due diligence and other customary closing conditions and requirements, we anticipate closing two of these transactions during fiscal 2020 and two of these transactions during fiscal 2021. In connection with three of these four properties, we have entered into commitments to obtain three 15 year fully-amortizing mortgage loans for $85.7 million with a weighted average fixed interest rate of 3.03%.

From time to time, we may be subject to claims and litigation in the ordinary course of business. We do not believe that any such claim or litigation will have a material adverse effect on the Consolidated Balance Sheets or results of operations.