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ACQUISITIONS, DEVELOPMENTS PLACED IN SERVICE AND DISPOSITIONS, PROPERTY ACQUISITIONS (Details) (USD $) | 6 Months Ended
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Oct. 31, 2014 | Oct. 31, 2013
Acquisitions and development projects placed in service [Abstract] |  |  |  |
Transaction costs expensed | $ 104,000 |  | $ 161,000 |
Goodwill, Acquired During Period | 852,000 |  |  |
Results of operations from acquired properties [Abstract] |  |  |  |
Total revenue | 1,003,000 |  | 573,000 |
Net (loss) income | 38,000 |  | (233,000) |
Acquisitions [Member] |  |  |  |
Acquisitions and development projects placed in service [Abstract] |  |  |  |
Total acquisition cost | 36,738,000 |  | 34,779,000 |
Cash | 23,056,000 |  | 29,399,000 |
Units | 100,000 | [1] | 3,480,000 | [1]
Other | 13,582,000 | [2] | 1,900,000 | [3]
Land | 11,712,000 |  | 6,413,000 |
Building | 24,661,000 |  | 27,473,000 |
Intangible assets | 365,000 |  | 893,000 |
Acquisitions [Member] | Multi-Family Residential [Member] |  |  |  |
Acquisitions and development projects placed in service [Abstract] |  |  |  |
Total acquisition cost | 26,780,000 |  | 19,600,000 |
Cash | 14,511,000 |  | 16,120,000 |
Units | 100,000 | [1] | 3,480,000 | [1]
Other | 12,169,000 | [2] | 0 | [3]
Land | 1,754,000 |  | 1,492,000 |
Building | 24,661,000 |  | 17,583,000 |
Intangible assets | 365,000 |  | 525,000 |
Acquisitions [Member] | Commercial Healthcare [Member] |  |  |  |
Acquisitions and development projects placed in service [Abstract] |  |  |  |
Total acquisition cost |  |  | 11,370,000 |
Cash |  |  | 11,370,000 |
Units |  |  | 0 | [1]
Other |  |  | 0 | [3]
Land |  |  | 1,112,000 |
Building |  |  | 9,890,000 |
Intangible assets |  |  | 368,000 |
Acquisitions [Member] | Unimproved Land [Member] |  |  |  |
Acquisitions and development projects placed in service [Abstract] |  |  |  |
Total acquisition cost | 9,958,000 |  | 3,809,000 |
Cash | 8,545,000 |  | 1,909,000 |
Units | 0 | [1] | 0 | [1]
Other | 1,413,000 | [2] | 1,900,000 | [3]
Land | 9,958,000 |  | 3,809,000 |
Building | 0 |  | 0 |
Intangible assets | 0 |  | 0 |
Acquisitions [Member] | 71 France Phase I - Edina, MN [Member] | Unimproved Land [Member] |  |  |  |
Acquisitions and development projects placed in service [Abstract] |  |  |  |
Date Acquisition | Jun. 12, 2014 | [4] |  |
Total acquisition cost | 1,413,000 | [4] |  |
Cash | 0 | [4] |  |
Units | 0 | [1],[4] |  |
Other | 1,413,000 | [2],[4] |  |
Land | 1,413,000 | [4] |  |
Building | 0 | [4] |  |
Intangible assets | 0 | [4] |  |
Interest held (in hundredths) | 52.60% | [4] |  |
JV Partner Contributions | 1,400,000 | [4] |  |
Acquisitions [Member] | Alps Park - Rapid City, SD [Member] | Multi-Family Residential [Member] |  |  |  |
Acquisitions and development projects placed in service [Abstract] |  |  |  |
Date Acquisition | May 01, 2013 |  |  |
Total acquisition cost |  |  | 6,200,000 |
Cash |  |  | 2,920,000 |
Units |  |  | 3,280,000 | [1]
Other |  |  | 0 | [3]
Land |  |  | 287,000 |
Building |  |  | 5,551,000 |
Intangible assets |  |  | 362,000 |
Number of units |  |  | 71 |
Acquisitions [Member] | Chateau II - Minot, ND [Member] | Unimproved Land [Member] |  |  |  |
Acquisitions and development projects placed in service [Abstract] |  |  |  |
Date Acquisition | May 21, 2013 |  |  |
Total acquisition cost |  |  | 179,000 |
Cash |  |  | 179,000 |
Units |  |  | 0 | [1]
Other |  |  | 0 | [3]
Land |  |  | 179,000 |
Building |  |  | 0 |
Intangible assets |  |  | 0 |
Acquisitions [Member] | Creekside Crossing - Bismarck, ND [Member] | Unimproved Land [Member] |  |  |  |
Acquisitions and development projects placed in service [Abstract] |  |  |  |
Date Acquisition | May 22, 2014 |  |  |
Total acquisition cost | 4,269,000 |  |  |
Cash | 4,269,000 |  |  |
Units | 0 | [1] |  |
Other | 0 | [2] |  |
Land | 4,269,000 |  |  |
Building | 0 |  |  |
Intangible assets | 0 |  |  |
Acquisitions [Member] | Homestead Garden - Rapid City, SD [Member] | Multi-Family Residential [Member] |  |  |  |
Acquisitions and development projects placed in service [Abstract] |  |  |  |
Date Acquisition | Jun. 02, 2014 | [5] |  |
Total acquisition cost | 15,000,000 | [5] |  |
Cash | 5,092,000 | [5] |  |
Other | 9,908,000 | [2],[5] |  |
Land | 655,000 | [5] |  |
Building | 14,139,000 | [5] |  |
Intangible assets | 206,000 | [5] |  |
Number of units | 152 | [5] |  |
Goodwill, Acquired During Period | 852,000 | [5] |  |
Noncash or Part Noncash Acquisition, Debt Assumed | 9,900,000 | [5] |  |
Acquisitions [Member] | PrairieCare Medical - Brooklyn Park, MN [Member] | Unimproved Land [Member] |  |  |  |
Acquisitions and development projects placed in service [Abstract] |  |  |  |
Date Acquisition | Jun. 05, 2014 |  |  |
Total acquisition cost | 2,616,000 |  |  |
Cash | 2,616,000 |  |  |
Units | 0 | [1] |  |
Other | 0 | [2] |  |
Land | 2,616,000 |  |  |
Building | 0 |  |  |
Intangible assets | 0 |  |  |
Acquisitions [Member] | Jamestown Unimproved - Jamestown, ND [Member] | Unimproved Land [Member] |  |  |  |
Acquisitions and development projects placed in service [Abstract] |  |  |  |
Date Acquisition | Aug. 09, 2013 |  |  |
Total acquisition cost |  |  | 700,000 |
Cash |  |  | 700,000 |
Units |  |  | 0 | [1]
Other |  |  | 0 | [3]
Land |  |  | 700,000 |
Building |  |  | 0 |
Intangible assets |  |  | 0 |
Acquisitions [Member] | Legends at Heritage Place - Sartell, MN [Member] | Commercial Healthcare [Member] |  |  |  |
Acquisitions and development projects placed in service [Abstract] |  |  |  |
Date Acquisition | Oct. 31, 2013 |  |  |
Total acquisition cost |  |  | 11,370,000 |
Cash |  |  | 11,370,000 |
Units |  |  | 0 | [1]
Other |  |  | 0 | [3]
Land |  |  | 1,112,000 |
Building |  |  | 9,890,000 |
Intangible assets |  |  | 368,000 |
Area of property |  |  | 98,174 |
Acquisitions [Member] | Legends at Heritage Place - Sartell, MN [Member] | Unimproved Land [Member] |  |  |  |
Acquisitions and development projects placed in service [Abstract] |  |  |  |
Date Acquisition | Oct. 31, 2013 |  |  |
Total acquisition cost |  |  | 1,030,000 |
Cash |  |  | 1,030,000 |
Units |  |  | 0 | [1]
Other |  |  | 0 | [3]
Land |  |  | 1,030,000 |
Building |  |  | 0 |
Intangible assets |  |  | 0 |
Acquisitions [Member] | Monticello 7th Addition - Monticello, MN [Member] | Unimproved Land [Member] |  |  |  |
Acquisitions and development projects placed in service [Abstract] |  |  |  |
Date Acquisition | Oct. 09, 2014 |  |  |
Total acquisition cost | 1,660,000 |  |  |
Cash | 1,660,000 |  |  |
Units | 0 | [1] |  |
Other | 0 | [2] |  |
Land | 1,660,000 |  |  |
Building | 0 |  |  |
Intangible assets | 0 |  |  |
Acquisitions [Member] | Northridge - Bismarck, ND [Member] | Multi-Family Residential [Member] |  |  |  |
Acquisitions and development projects placed in service [Abstract] |  |  |  |
Date Acquisition | Sep. 12, 2014 |  |  |
Total acquisition cost | 8,500,000 |  |  |
Cash | 8,400,000 |  |  |
Units | 100,000 | [1] |  |
Other | 0 | [2] |  |
Land | 884,000 |  |  |
Building | 7,516,000 |  |  |
Intangible assets | 100,000 |  |  |
Number of units | 68 |  |  |
Acquisitions [Member] | Pinecone Villas - Sartell, MN [Member] | Multi-Family Residential [Member] |  |  |  |
Acquisitions and development projects placed in service [Abstract] |  |  |  |
Date Acquisition | Oct. 31, 2013 |  |  |
Total acquisition cost |  |  | 2,800,000 |
Cash |  |  | 2,800,000 |
Units | 0 | [1] | 0 | [1]
Other |  |  | 0 | [3]
Land |  |  | 629,000 |
Building |  |  | 2,139,000 |
Intangible assets |  |  | 32,000 |
Number of units |  |  | 24 |
Acquisitions [Member] | RED 20 - Minneapolis, MN [Member] | Unimproved Land [Member] |  |  |  |
Acquisitions and development projects placed in service [Abstract] |  |  |  |
Date Acquisition | Aug. 20, 2013 | [6] |  |
Total acquisition cost |  |  | 1,900,000 | [6]
Cash |  |  | 0 | [6]
Units |  |  | 0 | [1],[6]
Other |  |  | 1,900,000 | [3],[6]
Land |  |  | 1,900,000 | [6]
Building |  |  | 0 | [6]
Intangible assets |  |  | 0 | [6]
Interest held (in hundredths) |  |  | 58.60% | [6]
Acquisitions [Member] | Silver Springs - Rapid City, SD [Member] | Multi-Family Residential [Member] |  |  |  |
Acquisitions and development projects placed in service [Abstract] |  |  |  |
Date Acquisition | Jun. 02, 2014 |  |  |
Total acquisition cost | 3,280,000 |  |  |
Cash | 1,019,000 |  |  |
Other | 2,261,000 | [2] |  |
Land | 215,000 |  |  |
Building | 3,006,000 |  |  |
Intangible assets | 59,000 |  |  |
Number of units | 52 |  |  |
Noncash or Part Noncash Acquisition, Debt Assumed | 2,300,000 |  |  |
Acquisitions [Member] | Southpoint - Grand Forks, ND [Member] | Multi-Family Residential [Member] |  |  |  |
Acquisitions and development projects placed in service [Abstract] |  |  |  |
Date Acquisition | Sep. 05, 2013 |  |  |
Total acquisition cost |  |  | 10,600,000 |
Cash |  |  | 10,400,000 |
Units | 0 | [1],[5] | 200,000 | [1]
Other |  |  | 0 | [3]
Land |  |  | 576,000 |
Building |  |  | 9,893,000 |
Intangible assets |  |  | $ 131,000 |
Number of units |  |  | 96 |
[1] | Value of limited partnership units of the Operating Partnership at the acquisition date.
[2] | Consists of assumed debt (Homestead Garden I - $9.9 million, Silver Springs - $2.3 million) and value of land contributed by the joint venture partner (71 France - $1.4 million).
[3] | Consists of value of land contributed by the joint venture partner.
[4] | Land is owned by a joint venture in which the Company has an approximately 52.6% interest. The joint venture is consolidated in IRETs financial statements.
[5] | At acquisition the Company adjusted the assumed debt to fair value and recognized approximately $852,000 of goodwill.
[6] | Land is owned by a joint venture in which the Company has an approximately 58.6% interest. The joint venture is consolidated in IRETs financial statements

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