INVESTMENTS IN REAL ESTATE (Tables)

9 Months Ended

Jun. 30, 2012

INVESTMENTS IN REAL ESTATE [Abstract]

Summary of the carrying value of investments in real estate

The following is a summary of the carrying value of the Company's investments in real estate (in thousands):

	June 30,		September 30,
	2012		2011
Properties owned, net of accumulated depreciation of $5,390 and $4,785:
Hotel property (Savannah, Georgia)	$	11,744	$	12,051
Office building (Philadelphia, Pennsylvania)		3,127		3,165
Multifamily apartment complex (Kansas City, Kansas)		1,549		1,525
		16,420		16,741
Real estate assets - consolidated VIE, net of accumulated depreciation of $752 and $656		782		944
Other real estate holdings		2,154		2,257
Investments in real estate, net	$	19,356	$	19,942