XML 28 R71.htm IDEA: XBRL DOCUMENT
v3.2.0.727

SUBSEQUENT EVENTS (Details) $ / shares in Units, $ in Thousands |  |  |  | 2 Months Ended | 12 Months Ended |
--- | --- | --- | --- | --- | --- | ---
Jun. 25, 2015 USD ($) Unit Parcel | Jun. 12, 2015 USD ($) Unit State | May. 18, 2015 USD ($) | Jun. 29, 2015 USD ($) ft² | Apr. 30, 2015 USD ($) | Apr. 30, 2014 USD ($) | Jun. 02, 2015 $ / shares
Subsequent Event [Line Items] |  |  |  |  |  |  |
Purchase price of acquired property |  |  |  |  | $ 56,297 | $ 43,580 |
Commitment of credit facility |  |  |  |  | 90,000 |  |
Minimum [Member] |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |
Commitment of credit facility |  |  |  |  | 90,000 |  |
Maximum [Member] |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |
Commitment of credit facility |  |  |  |  | $ 100,000 |  |
Common Shares and Limited Partnership Units [Member] |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |
Record Date |  |  |  |  | Jun. 15, 2015 |  |
Payment Date |  |  |  |  | Jul. 01, 2015 |  |
Series A Preferred Stock [Member] |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |
Record Date |  |  |  |  | Jun. 15, 2015 |  |
Payment Date |  |  |  |  | Jun. 30, 2015 |  |
Series B Preferred Stock [Member] |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |
Record Date |  |  |  |  | Jun. 15, 2015 |  |
Payment Date |  |  |  |  | Jun. 30, 2015 |  |
Multi Family Residential [Member] |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |
Purchase price of acquired property |  |  |  |  | $ 41,780 | $ 19,600 |
Subsequent Event [Member] |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |
Sales price of office properties | $ 81,500 | $ 250,000 |  |  |  |  |
Number of units | Unit | 17 | 34 |  |  |  |  |
Number of states | State |  | 8 |  |  |  |  |
Commitment of credit facility |  |  |  | $ 100,000 |  |  |
Parcel of undeveloped real estate sold | Parcel | 1 |  |  |  |  |  |
Subsequent Event [Member] | Common Shares and Limited Partnership Units [Member] |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |
Quarterly amount per share or unit (in dollars per share) | $ / shares |  |  |  |  |  |  | $ 0.1300
Subsequent Event [Member] | Series A Preferred Stock [Member] |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |
Quarterly amount per share or unit (in dollars per share) | $ / shares |  |  |  |  |  |  | 0.5156
Subsequent Event [Member] | Series B Preferred Stock [Member] |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |
Quarterly amount per share or unit (in dollars per share) | $ / shares |  |  |  |  |  |  | $ 0.4968
Subsequent Event [Member] | Commercial Office [Member] | Omaha, Nebraska [Member] |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |
Square footage of pending development (in square feet) | ft² |  |  |  | 28,000 |  |  |
Purchase price of acquired property |  |  |  | $ 6,500 |  |  |
Subsequent Event [Member] | Commercial Office [Member] | Mendota Heights, Minnesota [Member] |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |
Sales price of office properties |  | $ 40,000 |  |  |  |  |
Number of units | Unit |  | 5 |  |  |  |  |
Interest in joint venture (in hundredths) |  | 51.00% |  |  |  |  |
Subsequent Event [Member] | Commercial Office [Member] | Minneapolis, Minnesota [Member] |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |
Sales price of office properties |  |  | $ 7,000 |  |  |  |

X
- Definition Undeveloped property sold in compliance with the Company's strategic plan to explore the sale of office and retail portfolios. + References No definition available. + Details
Name: | iret_RealEstateSold
Namespace Prefix: | iret_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | instant

X
- Definition Square footage of pending development. + References No definition available. + Details
Name: | iret_SquareFootageOfPendingDevelopmentInSquareFeet
Namespace Prefix: | iret_
Data Type: | num:areaItemType
Balance Type: | na
Period Type: | instant

X
- Definition Amount of consideration transferred, consisting of acquisition-date fair value of assets transferred by the acquirer, liabilities incurred by the acquirer, and equity interest issued by the acquirer. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 30 -Section 30 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=6911251&loc=d3e6578-128477 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=35744584&loc=d3e6927-128479 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 30 -Section 30 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=6911251&loc=d3e6613-128477 + Details
Name: | us-gaap_BusinessCombinationConsiderationTransferred1
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Date the declared dividend will be paid, in CCYY-MM-DD format. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6367179&loc=d3e4304-108586 + Details
Name: | us-gaap_DividendPayableDateToBePaidDayMonthAndYear
Namespace Prefix: | us-gaap_
Data Type: | xbrli:dateItemType
Balance Type: | na
Period Type: | duration

X
- Definition The per share amount of a dividend declared, but not paid, as of the financial reporting date. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6367179&loc=d3e4304-108586 + Details
Name: | us-gaap_DividendsPayableAmountPerShare
Namespace Prefix: | us-gaap_
Data Type: | num:perShareItemType
Balance Type: | na
Period Type: | instant

X
- Definition Date the holder must own the stock to be entitled to the dividend, in CCYY-MM-DD format. + References No definition available. + Details
Name: | us-gaap_DividendsPayableDateOfRecordDayMonthAndYear
Namespace Prefix: | us-gaap_
Data Type: | xbrli:dateItemType
Balance Type: | na
Period Type: | duration

X
- Definition The percentage of ownership of common stock or equity participation in the investee accounted for under the equity method of accounting. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -Subparagraph (a)(1) -URI http://asc.fasb.org/extlink&oid=6382943&loc=d3e33918-111571 + Details
Name: | us-gaap_EquityMethodInvestmentOwnershipPercentage
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition The number of states the entity operates in as of the balance sheet date. + References No definition available. + Details
Name: | us-gaap_NumberOfStatesInWhichEntityOperates
Namespace Prefix: | us-gaap_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | instant

X
- Definition The number of units in a real estate property owned as of the balance sheet date. + References No definition available. + Details
Name: | us-gaap_NumberOfUnitsInRealEstateProperty
Namespace Prefix: | us-gaap_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | instant

X
- Definition The cash inflow from the sale of property, plant and equipment (capital expenditures), software, and other intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 12 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3179-108585 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Investing Activities -URI http://asc.fasb.org/extlink&oid=6516133 + Details
Name: | us-gaap_ProceedsFromSaleOfProductiveAssets
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Detail information of subsequent event by type. User is expected to use existing line items from elsewhere in the taxonomy as the primary line items for this disclosure, which is further associated with dimension and member elements pertaining to a subsequent event. + References No definition available. + Details
Name: | us-gaap_SubsequentEventLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_RangeAxis=us-gaap_MinimumMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_RangeAxis=us-gaap_MaximumMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementClassOfStockAxis=us-gaap_CommonStockMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementClassOfStockAxis=us-gaap_SeriesAPreferredStockMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementClassOfStockAxis=us-gaap_SeriesBPreferredStockMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis=iret_MultiFamilyResidentialMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_SubsequentEventTypeAxis=us-gaap_SubsequentEventMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis=iret_CommercialOfficeMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=iret_OmahaNebraskaMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=iret_MendotaHeightsMinnesotaMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=iret_MinneapolisMinnesotaMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |