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Form Type:  S-8
Filing Date:  3/13/2018 
CIK:  0000014846 
Address:  60 CUTTER MILL RD
City, State, Zip:  GREAT NECK, New York 11021-3190 
Telephone:  (516) 466-3100 
Fiscal Year:  09/30 
Last Trade
Last Trade: 
-0.07 (-0.61%)  
Trade Time: 
Mar 16  
Market Cap: 
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Description of Business
We are an internally managed real estate investment trust, also known as a REIT, that is primarily focused on the ownership, operation and development of multi-family properties. Most of our multi-family properties are owned by consolidated joint ventures in which we have a substantial ownership position. At September 30, 2017, we: (i) own 33 multi-family properties located in eleven states with an aggregate of 9,568 units (including 402 units at a development property) and a net book value of $900.7 million; and (ii) have ownership interests, through unconsolidated entities, in three multi-family properties with a net book value of $21.3 million. Most of our properties are located in the Southeast United States and Texas. We commenced our multi-family activities in January 2012. We are also engaged, to a limited extent, in the ownership, operation and development of commercial, mixed use and other real estate assets.