DEBT (Tables)

6 Months Ended

Mar. 31, 2020

Debt Disclosure [Abstract]

SUMMARY OF FIXED RATE MORTGAGE NOTES PAYABLE

As of March 31, 2020, we owned 116 properties, of which 59 carried Fixed Rate Mortgage Notes Payable with outstanding principal balances totaling $787.6 million. The following is a summary of our Fixed Rate Mortgage Notes Payable as of March 31, 2020 and September 30, 2019 (in thousands):

	3/31/2020				9/30/2019
	Amount		Weighted Average Interest Rate (1)		Amount		Weighted Average Interest Rate (1)
Fixed Rate Mortgage Notes Payable	$	787,625		4.04%	$	752,916		4.03%
Debt Issuance Costs	$	11,935			$	11,733
Accumulated Amortization of Debt Issuance Costs		(4,052)				(3,745)
Unamortized Debt Issuance Costs	$	7,883			$	7,988
Fixed Rate Mortgage Notes Payable, net of Unamortized Debt Issuance Costs	$	779,742			$	744,928

(1) Weighted average interest rate excludes amortization of debt issuance costs.