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MORTGAGES PAYABLE AND LINE OF CREDIT (Details) (USD $) | 9 Months Ended |
--- | --- | ---
Jan. 31, 2015 Property | Apr. 30, 2014
Line of Credit [Member] |  |
Line of Credit [Abstract] |  |
Lending commitments | $ 90,000,000 us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity / us-gaap_CreditFacilityAxis = us-gaap_DomesticLineOfCreditMember |
Number of properties securing line of credit | 15 iret_NumberOfPropertiesSecuringLineOfCredit / us-gaap_CreditFacilityAxis = us-gaap_DomesticLineOfCreditMember |
Line of credit, current interest rate (in hundredths) | 4.75%us-gaap_LineOfCreditFacilityInterestRateDuringPeriod / us-gaap_CreditFacilityAxis = us-gaap_DomesticLineOfCreditMember |
Line of credit, minimum outstanding principal balance | 17,500,000 iret_LineOfCreditMinimumOutstandingPrincipalBalance / us-gaap_CreditFacilityAxis = us-gaap_DomesticLineOfCreditMember |
Borrowed amount | 50,500,000 us-gaap_LineOfCredit / us-gaap_CreditFacilityAxis = us-gaap_DomesticLineOfCreditMember | 22,500,000 us-gaap_LineOfCredit / us-gaap_CreditFacilityAxis = us-gaap_DomesticLineOfCreditMember
Debt service coverage on aggregate assets | 1.25 iret_DebtServiceCoverageOnAggregateAssets / us-gaap_CreditFacilityAxis = us-gaap_DomesticLineOfCreditMember |
Debt service coverage on individual assets | 1.00 iret_DebtServiceCoverageOnIndividualAssets / us-gaap_CreditFacilityAxis = us-gaap_DomesticLineOfCreditMember |
Minimum depository accounts | 6,000,000 iret_MinimumDepositoryAccounts / us-gaap_CreditFacilityAxis = us-gaap_DomesticLineOfCreditMember |
Non-interest bearing account | 1,500,000 iret_NonInterestBearingAccount / us-gaap_CreditFacilityAxis = us-gaap_DomesticLineOfCreditMember |
Mortgages Payable [Member] |  |
Mortgages Payable [Abstract] |  |
Interest rates on mortgages payable range, minimum (in hundredths) | 2.42%us-gaap_MortgageLoansOnRealEstateMinimumInterestRateInRange / us-gaap_LongtermDebtTypeAxis = us-gaap_MortgagesMember |
Interest rates on mortgages payable range, maximum (in hundredths) | 8.25%us-gaap_MortgageLoansOnRealEstateMaximumInterestRateInRange / us-gaap_LongtermDebtTypeAxis = us-gaap_MortgagesMember |
Mortgages maturity date range, end | Jul. 01, 2036 |
Fixed rate mortgages | 927,700,000 us-gaap_LongtermDebtPercentageBearingFixedInterestAmount / us-gaap_LongtermDebtTypeAxis = us-gaap_MortgagesMember | 977,200,000 us-gaap_LongtermDebtPercentageBearingFixedInterestAmount / us-gaap_LongtermDebtTypeAxis = us-gaap_MortgagesMember
Variable rate mortgages | 78,500,000 us-gaap_LongtermDebtPercentageBearingVariableInterestAmount / us-gaap_LongtermDebtTypeAxis = us-gaap_MortgagesMember | 20,500,000 us-gaap_LongtermDebtPercentageBearingVariableInterestAmount / us-gaap_LongtermDebtTypeAxis = us-gaap_MortgagesMember
Weighted average rate of interest on mortgage debt (in hundredths) | 5.17%us-gaap_DebtWeightedAverageInterestRate / us-gaap_LongtermDebtTypeAxis = us-gaap_MortgagesMember | 5.37%us-gaap_DebtWeightedAverageInterestRate / us-gaap_LongtermDebtTypeAxis = us-gaap_MortgagesMember
Aggregate amount of required future principal payments on mortgages payable [Abstract] |  |
2015 (remainder) | 22,390,000 us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths / us-gaap_LongtermDebtTypeAxis = us-gaap_MortgagesMember |
2016 | 130,203,000 us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo / us-gaap_LongtermDebtTypeAxis = us-gaap_MortgagesMember |
2017 | 203,510,000 us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree / us-gaap_LongtermDebtTypeAxis = us-gaap_MortgagesMember |
2018 | 88,039,000 us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour / us-gaap_LongtermDebtTypeAxis = us-gaap_MortgagesMember |
2019 | 134,503,000 us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive / us-gaap_LongtermDebtTypeAxis = us-gaap_MortgagesMember |
Thereafter | 427,534,000 us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive / us-gaap_LongtermDebtTypeAxis = us-gaap_MortgagesMember |
Total payments | 1,006,179,000 iret_LongTermDebtIncludingLiabilitiesOfDisposalGroup / us-gaap_LongtermDebtTypeAxis = us-gaap_MortgagesMember |
Long-term Debt, Percentage Bearing Fixed Interest, Amount | $ 927,700,000 us-gaap_LongtermDebtPercentageBearingFixedInterestAmount / us-gaap_LongtermDebtTypeAxis = us-gaap_MortgagesMember | $ 977,200,000 us-gaap_LongtermDebtPercentageBearingFixedInterestAmount / us-gaap_LongtermDebtTypeAxis = us-gaap_MortgagesMember

X
- Definition Financial covenant requiring the entity to maintain a specific debt service coverage on aggregate assets. + References No definition available. + Details
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- Definition Financial covenant requiring the entity to maintain a specific debt service coverage on individual assets. + References No definition available. + Details
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- Definition Line of credit, minimum outstanding principal balance. + References No definition available. + Details
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- Definition Long-term Debt Including Liabilities Of Disposal Group Including Discontinued Operation. + References No definition available. + Details
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- Definition Minimum depository accounts to be maintained. + References No definition available. + Details
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- Definition Non interest bearing account to be maintained. + References No definition available. + Details
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- Definition The number of properties used as security under the line of credit. + References No definition available. + Details
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- Definition Latest date the outstanding debt instruments are required to be repaid, in CCYY-MM-DD format. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 22 -Article 5 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22(a)(2)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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- Definition Weighted average interest rate of debt outstanding. + References No definition available. + Details
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- Definition The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.16) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 19, 20, 22 -Article 5 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03.16) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910 + Details
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- Definition The effective interest rate during the reporting period. + 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 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 19, 22 -Article 5 + Details
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- 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 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 19, 22 -Article 5 + Details
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- Definition Amount of long-term debt payable, sinking fund requirements, and other securities issued that are redeemable by holder at fixed or determinable prices and dates maturing after the fifth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04.(a)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e24072-122690 + Details
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- Definition Amount of long-term debt payable, sinking fund requirements, and other securities issued that are redeemable by holder at fixed or determinable prices and dates maturing in the next fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04.(a)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e24072-122690 + Details
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- Definition Amount of long-term debt payable, sinking fund requirements, and other securities issued that are redeemable by holder at fixed or determinable prices and dates maturing in the fifth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04.(a)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e24072-122690 + Details
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- Definition Amount of long-term debt payable, sinking fund requirements, and other securities issued that are redeemable by holder at fixed or determinable prices and dates maturing in the fourth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04.(a)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e24072-122690 + Details
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- Definition Amount of long-term debt payable, sinking fund requirements, and other securities issued that are redeemable by holder at fixed or determinable prices and dates maturing in the third fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04.(a)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e24072-122690 + Details
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- Definition Amount of long-term debt payable, sinking fund requirements, and other securities issued that are redeemable by holder at fixed or determinable prices and dates maturing in the second fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04.(a)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e24072-122690 + Details
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- Definition The portion of the carrying amount of long-term borrowings outstanding as of the balance sheet date, including current maturities, which accrues interest at a set, unchanging rate. + References No definition available. + Details
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- Definition The highest stated interest rate within the mortgage loans included in the loan grouping. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04.(c) Schedule IV) -URI http://asc.fasb.org/extlink&oid=27047687&loc=d3e5864-122674 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 948 -SubTopic 310 -Section S99 -Paragraph 1 -Subparagraph (SX 210.12-29.3) -URI http://asc.fasb.org/extlink&oid=6589523&loc=d3e617274-123014 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 29 -Article 12 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph c -Subparagraph Schedule IV -Article 5 + Details
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- Definition The lowest stated interest rate within the mortgage loans included in the loan grouping. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04.(c) Schedule IV) -URI http://asc.fasb.org/extlink&oid=27047687&loc=d3e5864-122674 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 948 -SubTopic 310 -Section S99 -Paragraph 1 -Subparagraph (SX 210.12-29.3) -URI http://asc.fasb.org/extlink&oid=6589523&loc=d3e617274-123014 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 29 -Article 12 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph c -Subparagraph Schedule IV -Article 5 + Details
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