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DISCONTINUED OPERATIONS (Tables) | 12 Months Ended
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Apr. 30, 2015
DISCONTINUED OPERATIONS [Abstract] |
Effect on Net Income and Gains or Losses From Sale Of Properties Classified as Discontinued Operations | The following information shows the effect on net income and the gains or losses from the sale of properties classified as discontinued operations for the fiscal years ended April 30, 2014 and 2013.
|  | (in thousands) |
|  | 2014 |  |  | 2013 |
REVENUE |  |  |  |  |  |
Real estate rentals |  | $ | 3,173 |  |  | $ | 10,068 |
Tenant reimbursement |  |  | 1,302 |  |  |  | 3,099 |
TOTAL REVENUE |  |  | 4,475 |  |  |  | 13,167 |
EXPENSES |  |  |  |  |  |  |  |
Depreciation/amortization related to real estate investments |  |  | 920 |  |  |  | 3,169 |
Utilities |  |  | 164 |  |  |  | 447 |
Maintenance |  |  | 299 |  |  |  | 1,029 |
Real estate taxes |  |  | 951 |  |  |  | 2,276 |
Insurance |  |  | 97 |  |  |  | 218 |
Property management expenses |  |  | 222 |  |  |  | 520 |
Other property expenses |  |  | 0 |  |  |  | 16 |
Amortization related to non-real estate investments |  |  | 90 |  |  |  | 247 |
Impairment of real estate investments |  |  | 1,860 |  |  |  | 305 |
TOTAL EXPENSES |  |  | 4,603 |  |  |  | 8,227 |
Operating (loss) income |  |  | (128 | ) |  |  | 4,940 |
Interest expense |  |  | (421 | ) |  |  | (2,532 | )
Other income |  |  | 0 |  |  |  | 2 |
(Loss) income from discontinued operations before gain on sale |  |  | (549 | ) |  |  | 2,410 |
Gain on sale of discontinued operations |  |  | 6,999 |  |  |  | 6,885 |
INCOME FROM DISCONTINUED OPERATIONS |  | $ | 6,450 |  |  | $ | 9,295 |
Segment Data |  |  |  |  |  |  |  |
Multi-Family Residential |  | $ | (99 | ) |  | $ | 3,712 |
Office |  |  | (1,794 | ) |  |  | 314 |
Healthcare |  |  | 0 |  |  |  | 3,416 |
Industrial |  |  | 8,923 |  |  |  | 2,118 |
Retail |  |  | (580 | ) |  |  | (265 | )
Total |  | $ | 6,450 |  |  | $ | 9,295 |
|  | (in thousands) |
|  | 2014 |  |  | 2013 |
Property Sale Data |  |  |  |  |  |
Sales price |  | $ | 80,883 |  |  | $ | 26,273 |
Net book value and sales costs |  |  | (73,884 | ) |  |  | (19,388 | )
Gain on sale of discontinued operations |  | $ | 6,999 |  |  | $ | 6,885 |
|  | (in thousands) |
|  | 2014 |  |  | 2013 |
Asset and Liability Data |  |  |  |  |  |
Total assets |  | $ | 0 |  |  | $ | 72,631 |
Total liabilities |  |  | 0 |  |  |  | (1,335 | )

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- Definition Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=51716988&loc=SL51721533-107759 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721665-107760 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=51717284&loc=d3e1474-107760 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=51717284&loc=d3e1361-107760 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721683-107760 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=51719941&loc=SL51724579-110230 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5C -URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721675-107760 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4A -URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721663-107760 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=51719941&loc=d3e2941-110230 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5B -URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721673-107760 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721659-107760 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5A -URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721671-107760 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5D -URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721677-107760 + Details
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