RELATED PARTY TRANSACTIONS (Details) - USD ($)
|
12 Months Ended |
|
Sep. 30, 2016 |
Sep. 30, 2015 |
Sep. 30, 2014 |
Dec. 11, 2015 |
| ADVISOR'S COMPENSATION AND RELATED PARTY TRANSACTIONS |
|
|
|
|
| Property acquisition costs, related party |
$ 2,221,000
|
$ 1,293,000
|
$ 1,677,000
|
|
| General and administrative to related party |
1,020,000
|
171,000
|
286,000
|
|
| Amended and Restated Advisory Agreement, as amended in January 2012 | Real Estate Investment Trust Management Corporation [Member] |
|
|
|
|
| ADVISOR'S COMPENSATION AND RELATED PARTY TRANSACTIONS |
|
|
|
|
| Property acquisition costs, related party |
693,000
|
2,448,000
|
2,016,000
|
|
| Director | Advisory Services |
|
|
|
|
| ADVISOR'S COMPENSATION AND RELATED PARTY TRANSACTIONS |
|
|
|
|
| Property acquisition costs, related party |
863,000
|
|
|
|
| Majestic Property Management Corp. | Real property management, real estate brokerage and construction supervision services |
|
|
|
|
| ADVISOR'S COMPENSATION AND RELATED PARTY TRANSACTIONS |
|
|
|
|
| Property acquisition costs, related party |
34,000
|
56,000
|
28,000
|
|
| Gould Investors L.P. | Shared services agreement |
|
|
|
|
| ADVISOR'S COMPENSATION AND RELATED PARTY TRANSACTIONS |
|
|
|
|
| General and administrative to related party |
549,000
|
532,000
|
474,000
|
|
| Affiliated Entity | Payment Of Acquisition Fee |
|
|
|
|
| ADVISOR'S COMPENSATION AND RELATED PARTY TRANSACTIONS |
|
|
|
|
| Property acquisition costs, related party |
4,140,000
|
2,678,000
|
2,797,000
|
|
| Affiliated Entity | Rent Expense |
|
|
|
|
| ADVISOR'S COMPENSATION AND RELATED PARTY TRANSACTIONS |
|
|
|
|
| Property acquisition costs, related party |
|
64,000
|
149,000
|
|
| Affiliated Entity | Insurance Reimbursement |
|
|
|
|
| ADVISOR'S COMPENSATION AND RELATED PARTY TRANSACTIONS |
|
|
|
|
| Property acquisition costs, related party |
41,000
|
$ 15,000
|
$ 15,000
|
|
| Unsecured Short Term Borrowing From Gould Investors L.P. | Notes Payable, Other Payables | Affiliated Entity |
|
|
|
|
| ADVISOR'S COMPENSATION AND RELATED PARTY TRANSACTIONS |
|
|
|
|
| Debt face amount |
|
|
|
$ 8,000,000
|
| Interest rate (as a percent) |
|
|
|
5.24%
|
| Interest expense, related party |
$ 86,000
|
|
|
|