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COMMITMENTS AND CONTINGENCIES (Tables) | 12 Months Ended
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Apr. 30, 2015
COMMITMENTS AND CONTINGENCIES [Abstract] |
Schedule of Expected Timing of Ground and Air Rights Lease Payments | The expected timing of ground and air rights lease payments as of April 30, 2015 is as follows:
|  | (in thousands) |
Fiscal Year Ended April 30, |  | Lease Payments |
2016 |  | $ | 478 |
2017 |  |  | 449 |
2018 |  |  | 449 |
2019 |  |  | 449 |
2020 |  |  | 449 |
Thereafter |  |  | 20,764 |
Total |  | $ | 23,038 |
Schedule of Property Cost and Gross Rental Revenue | The Company has various contracts outstanding with third parties in connection with development, expansion and renovation projects that are underway or placed in service during the quarter, the costs for which have been capitalized. As of April 30, 2015, contractual commitments for these projects are as follows:
|  |  |  | (in thousands) |  | (in fiscal years)
Project Name and Location | Planned Segment | Rentable Square Feet or Number of Units |  | Anticipated Total Cost |  |  | Costs as of April 30, 2015(1) |  | Anticipated Construction Completion
Roseville 3075 Long Lake Rd - Roseville, MN | Industrial | 202,807 sq ft |  |  | 13,915 |  |  |  | 9,036 |  | In Service
Chateau II - Minot, ND | Multi-Family Residential | 72 units |  |  | 14,711 |  |  |  | 13,129 |  | 1Q 2016
Edina 6565 France SMC III - Edina, MN | Healthcare | 57,479 sq ft |  |  | 36,752 |  |  |  | 22,549 |  | 1Q 2016
Minot Southgate Retail - Minot, ND | Retail | 7,963 sq ft |  |  | 2,923 |  |  |  | 2,164 |  | 1Q 2016
Renaissance Heights - Williston, ND(2) | Multi-Family Residential | 288 units |  |  | 62,362 |  |  |  | 59,087 |  | 1Q 2016
Deer Ridge – Jamestown, ND | Multi-Family Residential | 163 units |  |  | 24,519 |  |  |  | 15,355 |  | 2Q 2016
PrairieCare Medical - Brooklyn Park, MN | Healthcare | 72,895 sq ft |  |  | 24,251 |  |  |  | 19,457 |  | 2Q 2016
Cardinal Point - Grand Forks, ND | Multi-Family Residential | 251 units |  |  | 40,042 |  |  |  | 26,450 |  | 3Q 2016
71 France Phase I, II, III - Edina, MN(3) | Multi-Family Residential | 241 units |  |  | 73,290 |  |  |  | 35,137 |  | 1Q 2017
Other | n/a | n/a |  |  | n/a |  |  |  | 6,618 |  | n/a
|  |  |  | $ | 292,765 |  |  | $ | 208,982 |  |
(1) | Includes costs related to development projects that are placed in service in phases (Renaissance Heights - $46.0 million).
(2) | The Company is an approximately 70% partner in the joint venture entity constructing this project; the anticipated total cost amount given is the total cost to the joint venture entity.
(3) | The project will be constructed in three phases by a joint venture entity in which the Company has an approximately 52.6% interest. The anticipated total cost amount given in the table above is the total cost to the joint venture entity. The anticipated total cost includes approximately 21,772 square feet of retail space.

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- Definition Tabular disclosure of key provisions of an arrangement under which the entity has agreed to purchase goods or services over a period of time greater than one year or the normal operating cycle, if longer, including the item for which expenditures will be made, minimum quantities, milestones, time period and committed amount. + References No definition available. + Details
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