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SUBSEQUENT EVENTS (Tables) | 9 Months Ended
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Jan. 31, 2014
SUBSEQUENT EVENTS [Abstract] |
Common and Preferred Share Distributions | NOTE 11 • SUBSEQUENT EVENTS Common and Preferred Share Distributions. On March 4, 2014, the Company's Board of Trustees declared the following distributions:
Class of shares/units | Quarterly Amount per Share or Unit |  | Record Date |  | Payment Date
Common shares and limited partnership units | $0.1300 |  | March 17, 2014 |  | April 1, 2014
Preferred shares: |  |  |  |  |
Series A | $0.5156 |  | March 17, 2014 |  | March 31, 2014
Series B | $0.4968 |  | March 17, 2014 |  | March 31, 2014
Closed Acquisitions. Subsequent to the end of the third quarter of fiscal year 2014, the Company closed on its acquisitions of the following properties.
· | an approximately 4.7-acre parcel of vacant land in Isanti, Minnesota, for a purchase price, paid in cash, of approximately $50,000; and
· | an approximately 39,000-square foot senior housing property in Fruitland, Idaho, on approximately 2.3 acres of land, for a purchase price, paid in cash, of approximately $7.1 million.
The purchase price accounting is incomplete for these acquisitions that closed subsequent to the end of the third quarter of fiscal year 2014. Pending Dispositions. Subsequent to the end of the third quarter of fiscal year 2014, the Company signed sales agreements for the disposition of the following properties. These pending dispositions are subject to various closing conditions and contingencies, and no assurances can be given that these transactions will be completed on the terms currently expected, or at all.
· | a commercial office property in Maple Grove, Minnesota, for a sales price of $7.2 million; and
· | a commercial office property in Edina, Minnesota, for a sales price of $3.1 million.

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- Definition Tabular disclosure of significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, losses resulting from fire or flood, losses on receivables, significant realized and unrealized gains and losses that result from changes in quoted market prices of securities, declines in market prices of inventory, changes in authorized or issued debt (SEC), significant foreign exchange rate changes, substantial loans to insiders or affiliates, significant long-term investments, and substantial dividends not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 5 -Paragraph 11 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6842918&loc=SL6314017-165662 + Details
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