XML 19 R37.htm IDEA: XBRL DOCUMENT v2.4.1.9
SEGMENT REPORTING (Details) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 9 Months Ended
Jan. 31, 2015
Jan. 31, 2014
Jan. 31, 2015
Segment
Jan. 31, 2014
Apr. 30, 2014
Apr. 30, 2013
SEGMENT REPORTING [Abstract]            
Number of reportable segments     5us-gaap_NumberOfReportableSegments      
Segment revenues and net operating income [Abstract]            
Real estate revenue $ 72,916us-gaap_RealEstateRevenueNet $ 68,433us-gaap_RealEstateRevenueNet $ 212,431us-gaap_RealEstateRevenueNet $ 199,303us-gaap_RealEstateRevenueNet    
Gain on involuntary conversion 0us-gaap_GainOnBusinessInterruptionInsuranceRecovery 1,514us-gaap_GainOnBusinessInterruptionInsuranceRecovery 0us-gaap_GainOnBusinessInterruptionInsuranceRecovery 2,480us-gaap_GainOnBusinessInterruptionInsuranceRecovery    
TRS senior housing revenue 963us-gaap_OtherRealEstateRevenue 804us-gaap_OtherRealEstateRevenue 2,599us-gaap_OtherRealEstateRevenue 804us-gaap_OtherRealEstateRevenue    
TRS senior housing expenses (825)iret_DirectCostsofLeasingandOperatingSeniorLivingRealEstateProperty (671)iret_DirectCostsofLeasingandOperatingSeniorLivingRealEstateProperty (2,243)iret_DirectCostsofLeasingandOperatingSeniorLivingRealEstateProperty (671)iret_DirectCostsofLeasingandOperatingSeniorLivingRealEstateProperty    
Interest expense (14,595)us-gaap_InterestExpense (15,130)us-gaap_InterestExpense (43,858)us-gaap_InterestExpense (44,525)us-gaap_InterestExpense    
Income (loss) before gain (loss) on sale of real estate and other investments and income (loss) from discontinued operations 8,200iret_IncomeLossBeforeGainLossOnSaleOfRealEstateAndOtherInvestmentsAndIncomeLossFromDiscontinuedOperations 3,604iret_IncomeLossBeforeGainLossOnSaleOfRealEstateAndOtherInvestmentsAndIncomeLossFromDiscontinuedOperations 15,633iret_IncomeLossBeforeGainLossOnSaleOfRealEstateAndOtherInvestmentsAndIncomeLossFromDiscontinuedOperations 11,132iret_IncomeLossBeforeGainLossOnSaleOfRealEstateAndOtherInvestmentsAndIncomeLossFromDiscontinuedOperations    
Gain (loss) on sale of real estate and other investments 951us-gaap_GainLossOnSaleOfPropertiesBeforeApplicableIncomeTaxes 0us-gaap_GainLossOnSaleOfPropertiesBeforeApplicableIncomeTaxes (811)us-gaap_GainLossOnSaleOfPropertiesBeforeApplicableIncomeTaxes 0us-gaap_GainLossOnSaleOfPropertiesBeforeApplicableIncomeTaxes    
Income from continuing operations 9,151us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest 3,604us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest 14,822us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest 11,132us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest    
Income from discontinued operations 0us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax 465us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax 0us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax 6,450us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax    
NET INCOME 9,151us-gaap_ProfitLoss 4,069us-gaap_ProfitLoss 14,822us-gaap_ProfitLoss 17,582us-gaap_ProfitLoss    
Segment Assets [Abstract]            
Property owned 2,093,148us-gaap_RealEstateInvestmentPropertyAtCost   2,093,148us-gaap_RealEstateInvestmentPropertyAtCost   1,996,031us-gaap_RealEstateInvestmentPropertyAtCost  
Less accumulated depreciation (439,153)us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation   (439,153)us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation   (424,288)us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation  
Total property owned 1,653,995us-gaap_RealEstateInvestmentPropertyNet   1,653,995us-gaap_RealEstateInvestmentPropertyNet   1,571,743us-gaap_RealEstateInvestmentPropertyNet  
Real Estate Held-for-sale 44,259us-gaap_RealEstateHeldforsale   44,259us-gaap_RealEstateHeldforsale   2,951us-gaap_RealEstateHeldforsale  
Cash and cash equivalents 52,148us-gaap_CashAndCashEquivalentsAtCarryingValue 53,494us-gaap_CashAndCashEquivalentsAtCarryingValue 52,148us-gaap_CashAndCashEquivalentsAtCarryingValue 53,494us-gaap_CashAndCashEquivalentsAtCarryingValue 47,267us-gaap_CashAndCashEquivalentsAtCarryingValue 94,133us-gaap_CashAndCashEquivalentsAtCarryingValue
Other investments 329us-gaap_OtherLongTermInvestments   329us-gaap_OtherLongTermInvestments   329us-gaap_OtherLongTermInvestments  
Receivables and other assets 108,931iret_ReceivablesAndOtherAssets   108,931iret_ReceivablesAndOtherAssets   119,458iret_ReceivablesAndOtherAssets  
Development in progress 114,005us-gaap_DevelopmentInProcess   114,005us-gaap_DevelopmentInProcess   104,609us-gaap_DevelopmentInProcess  
Unimproved land 27,675us-gaap_LandAvailableForDevelopment   27,675us-gaap_LandAvailableForDevelopment   22,864us-gaap_LandAvailableForDevelopment  
TOTAL ASSETS 2,001,342us-gaap_Assets   2,001,342us-gaap_Assets   1,869,221us-gaap_Assets  
Operating Segments [Member]            
Segment revenues and net operating income [Abstract]            
Real estate revenue 71,953us-gaap_RealEstateRevenueNet
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
67,629us-gaap_RealEstateRevenueNet
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
209,832us-gaap_RealEstateRevenueNet
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
198,499us-gaap_RealEstateRevenueNet
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
   
Real estate expenses 28,434us-gaap_CostOfRealEstateRevenue
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
25,927us-gaap_CostOfRealEstateRevenue
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
83,189us-gaap_CostOfRealEstateRevenue
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
78,898us-gaap_CostOfRealEstateRevenue
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
   
Gain on involuntary conversion   1,514us-gaap_GainOnBusinessInterruptionInsuranceRecovery
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
  2,480us-gaap_GainOnBusinessInterruptionInsuranceRecovery
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
   
Net operating income 43,519us-gaap_IncomeLossBeforeExtraordinaryItemsAndCumulativeEffectOfChangeInAccountingPrinciple
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
43,216us-gaap_IncomeLossBeforeExtraordinaryItemsAndCumulativeEffectOfChangeInAccountingPrinciple
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
126,643us-gaap_IncomeLossBeforeExtraordinaryItemsAndCumulativeEffectOfChangeInAccountingPrinciple
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
122,081us-gaap_IncomeLossBeforeExtraordinaryItemsAndCumulativeEffectOfChangeInAccountingPrinciple
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
   
TRS senior housing revenue 963us-gaap_OtherRealEstateRevenue
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
  2,599us-gaap_OtherRealEstateRevenue
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
     
TRS senior housing expenses (825)iret_DirectCostsofLeasingandOperatingSeniorLivingRealEstateProperty
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
  (2,243)iret_DirectCostsofLeasingandOperatingSeniorLivingRealEstateProperty
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
     
Depreciation/amortization (17,750)iret_DepreciationAndAmortizationIncludingRelatedToNonRealEstateInvestments
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
(17,489)iret_DepreciationAndAmortizationIncludingRelatedToNonRealEstateInvestments
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
(52,474)iret_DepreciationAndAmortizationIncludingRelatedToNonRealEstateInvestments
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
(53,656)iret_DepreciationAndAmortizationIncludingRelatedToNonRealEstateInvestments
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
   
General and administrative (3,242)iret_AdministrativeAdvisoryAndTrusteeServices
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
(2,935)iret_AdministrativeAdvisoryAndTrusteeServices
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
(10,986)iret_AdministrativeAdvisoryAndTrusteeServices
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
(9,572)iret_AdministrativeAdvisoryAndTrusteeServices
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
   
Impairment of real estate investments (540)iret_ImpairmentOfRealEstateInvestments
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
(4,798)iret_ImpairmentOfRealEstateInvestments
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
(6,105)iret_ImpairmentOfRealEstateInvestments
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
(4,798)iret_ImpairmentOfRealEstateInvestments
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
   
Interest expense (14,595)us-gaap_InterestExpense
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
(15,130)us-gaap_InterestExpense
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
(43,858)us-gaap_InterestExpense
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
(44,525)us-gaap_InterestExpense
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
   
Interest and other income 670us-gaap_InterestAndOtherIncome
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
740us-gaap_InterestAndOtherIncome
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
2,057us-gaap_InterestAndOtherIncome
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
1,602us-gaap_InterestAndOtherIncome
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
   
Income (loss) before gain (loss) on sale of real estate and other investments and income (loss) from discontinued operations 8,200iret_IncomeLossBeforeGainLossOnSaleOfRealEstateAndOtherInvestmentsAndIncomeLossFromDiscontinuedOperations
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
  15,633iret_IncomeLossBeforeGainLossOnSaleOfRealEstateAndOtherInvestmentsAndIncomeLossFromDiscontinuedOperations
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
     
Gain (loss) on sale of real estate and other investments 951us-gaap_GainLossOnSaleOfPropertiesBeforeApplicableIncomeTaxes
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
  (811)us-gaap_GainLossOnSaleOfPropertiesBeforeApplicableIncomeTaxes
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
     
Income from continuing operations   3,604us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
  11,132us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
   
Income from discontinued operations   465us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
  6,450us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
   
NET INCOME 9,151us-gaap_ProfitLoss
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
4,069us-gaap_ProfitLoss
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
14,822us-gaap_ProfitLoss
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
17,582us-gaap_ProfitLoss
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
   
Multi-Family Residential [Member]            
Segment Assets [Abstract]            
Property owned 932,718us-gaap_RealEstateInvestmentPropertyAtCost
/ us-gaap_StatementBusinessSegmentsAxis
= iret_MultiFamilyResidentialMember
  932,718us-gaap_RealEstateInvestmentPropertyAtCost
/ us-gaap_StatementBusinessSegmentsAxis
= iret_MultiFamilyResidentialMember
  753,731us-gaap_RealEstateInvestmentPropertyAtCost
/ us-gaap_StatementBusinessSegmentsAxis
= iret_MultiFamilyResidentialMember
 
Less accumulated depreciation (172,987)us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation
/ us-gaap_StatementBusinessSegmentsAxis
= iret_MultiFamilyResidentialMember
  (172,987)us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation
/ us-gaap_StatementBusinessSegmentsAxis
= iret_MultiFamilyResidentialMember
  (158,100)us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation
/ us-gaap_StatementBusinessSegmentsAxis
= iret_MultiFamilyResidentialMember
 
Total property owned 759,731us-gaap_RealEstateInvestmentPropertyNet
/ us-gaap_StatementBusinessSegmentsAxis
= iret_MultiFamilyResidentialMember
  759,731us-gaap_RealEstateInvestmentPropertyNet
/ us-gaap_StatementBusinessSegmentsAxis
= iret_MultiFamilyResidentialMember
  595,631us-gaap_RealEstateInvestmentPropertyNet
/ us-gaap_StatementBusinessSegmentsAxis
= iret_MultiFamilyResidentialMember
 
Multi-Family Residential [Member] | Operating Segments [Member]            
Segment revenues and net operating income [Abstract]            
Real estate revenue 30,256us-gaap_RealEstateRevenueNet
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= iret_MultiFamilyResidentialMember
25,848us-gaap_RealEstateRevenueNet
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= iret_MultiFamilyResidentialMember
87,576us-gaap_RealEstateRevenueNet
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= iret_MultiFamilyResidentialMember
75,659us-gaap_RealEstateRevenueNet
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= iret_MultiFamilyResidentialMember
   
Real estate expenses 13,318us-gaap_CostOfRealEstateRevenue
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= iret_MultiFamilyResidentialMember
10,998us-gaap_CostOfRealEstateRevenue
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= iret_MultiFamilyResidentialMember
37,700us-gaap_CostOfRealEstateRevenue
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= iret_MultiFamilyResidentialMember
33,006us-gaap_CostOfRealEstateRevenue
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= iret_MultiFamilyResidentialMember
   
Gain on involuntary conversion   1,514us-gaap_GainOnBusinessInterruptionInsuranceRecovery
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= iret_MultiFamilyResidentialMember
  2,480us-gaap_GainOnBusinessInterruptionInsuranceRecovery
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= iret_MultiFamilyResidentialMember
   
Net operating income 16,938us-gaap_IncomeLossBeforeExtraordinaryItemsAndCumulativeEffectOfChangeInAccountingPrinciple
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= iret_MultiFamilyResidentialMember
16,364us-gaap_IncomeLossBeforeExtraordinaryItemsAndCumulativeEffectOfChangeInAccountingPrinciple
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= iret_MultiFamilyResidentialMember
49,876us-gaap_IncomeLossBeforeExtraordinaryItemsAndCumulativeEffectOfChangeInAccountingPrinciple
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= iret_MultiFamilyResidentialMember
45,133us-gaap_IncomeLossBeforeExtraordinaryItemsAndCumulativeEffectOfChangeInAccountingPrinciple
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= iret_MultiFamilyResidentialMember
   
Commercial-Office [Member]            
Segment Assets [Abstract]            
Property owned 478,590us-gaap_RealEstateInvestmentPropertyAtCost
/ us-gaap_StatementBusinessSegmentsAxis
= iret_CommercialOfficeMember
  478,590us-gaap_RealEstateInvestmentPropertyAtCost
/ us-gaap_StatementBusinessSegmentsAxis
= iret_CommercialOfficeMember
  544,628us-gaap_RealEstateInvestmentPropertyAtCost
/ us-gaap_StatementBusinessSegmentsAxis
= iret_CommercialOfficeMember
 
Less accumulated depreciation (112,093)us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation
/ us-gaap_StatementBusinessSegmentsAxis
= iret_CommercialOfficeMember
  (112,093)us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation
/ us-gaap_StatementBusinessSegmentsAxis
= iret_CommercialOfficeMember
  (121,892)us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation
/ us-gaap_StatementBusinessSegmentsAxis
= iret_CommercialOfficeMember
 
Total property owned 366,497us-gaap_RealEstateInvestmentPropertyNet
/ us-gaap_StatementBusinessSegmentsAxis
= iret_CommercialOfficeMember
  366,497us-gaap_RealEstateInvestmentPropertyNet
/ us-gaap_StatementBusinessSegmentsAxis
= iret_CommercialOfficeMember
  422,736us-gaap_RealEstateInvestmentPropertyNet
/ us-gaap_StatementBusinessSegmentsAxis
= iret_CommercialOfficeMember
 
Commercial-Office [Member] | Operating Segments [Member]            
Segment revenues and net operating income [Abstract]            
Real estate revenue 19,086us-gaap_RealEstateRevenueNet
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= iret_CommercialOfficeMember
19,394us-gaap_RealEstateRevenueNet
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= iret_CommercialOfficeMember
56,917us-gaap_RealEstateRevenueNet
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= iret_CommercialOfficeMember
58,075us-gaap_RealEstateRevenueNet
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= iret_CommercialOfficeMember
   
Real estate expenses 9,050us-gaap_CostOfRealEstateRevenue
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= iret_CommercialOfficeMember
9,037us-gaap_CostOfRealEstateRevenue
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= iret_CommercialOfficeMember
27,873us-gaap_CostOfRealEstateRevenue
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= iret_CommercialOfficeMember
28,315us-gaap_CostOfRealEstateRevenue
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= iret_CommercialOfficeMember
   
Gain on involuntary conversion   0us-gaap_GainOnBusinessInterruptionInsuranceRecovery
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= iret_CommercialOfficeMember
  0us-gaap_GainOnBusinessInterruptionInsuranceRecovery
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= iret_CommercialOfficeMember
   
Net operating income 10,036us-gaap_IncomeLossBeforeExtraordinaryItemsAndCumulativeEffectOfChangeInAccountingPrinciple
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= iret_CommercialOfficeMember
10,357us-gaap_IncomeLossBeforeExtraordinaryItemsAndCumulativeEffectOfChangeInAccountingPrinciple
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= iret_CommercialOfficeMember
29,044us-gaap_IncomeLossBeforeExtraordinaryItemsAndCumulativeEffectOfChangeInAccountingPrinciple
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= iret_CommercialOfficeMember
29,760us-gaap_IncomeLossBeforeExtraordinaryItemsAndCumulativeEffectOfChangeInAccountingPrinciple
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= iret_CommercialOfficeMember
   
Commercial-Healthcare [Member]            
Segment Assets [Abstract]            
Property owned 519,588us-gaap_RealEstateInvestmentPropertyAtCost
/ us-gaap_StatementBusinessSegmentsAxis
= iret_CommercialHealthcareMember
  519,588us-gaap_RealEstateInvestmentPropertyAtCost
/ us-gaap_StatementBusinessSegmentsAxis
= iret_CommercialHealthcareMember
  525,028us-gaap_RealEstateInvestmentPropertyAtCost
/ us-gaap_StatementBusinessSegmentsAxis
= iret_CommercialHealthcareMember
 
Less accumulated depreciation (115,395)us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation
/ us-gaap_StatementBusinessSegmentsAxis
= iret_CommercialHealthcareMember
  (115,395)us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation
/ us-gaap_StatementBusinessSegmentsAxis
= iret_CommercialHealthcareMember
  (105,843)us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation
/ us-gaap_StatementBusinessSegmentsAxis
= iret_CommercialHealthcareMember
 
Total property owned 404,193us-gaap_RealEstateInvestmentPropertyNet
/ us-gaap_StatementBusinessSegmentsAxis
= iret_CommercialHealthcareMember
  404,193us-gaap_RealEstateInvestmentPropertyNet
/ us-gaap_StatementBusinessSegmentsAxis
= iret_CommercialHealthcareMember
  419,185us-gaap_RealEstateInvestmentPropertyNet
/ us-gaap_StatementBusinessSegmentsAxis
= iret_CommercialHealthcareMember
 
Commercial-Healthcare [Member] | Operating Segments [Member]            
Segment revenues and net operating income [Abstract]            
Real estate revenue 17,587us-gaap_RealEstateRevenueNet
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= iret_CommercialHealthcareMember
17,242us-gaap_RealEstateRevenueNet
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= iret_CommercialHealthcareMember
50,322us-gaap_RealEstateRevenueNet
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= iret_CommercialHealthcareMember
49,340us-gaap_RealEstateRevenueNet
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= iret_CommercialHealthcareMember
   
Real estate expenses 4,315us-gaap_CostOfRealEstateRevenue
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= iret_CommercialHealthcareMember
4,120us-gaap_CostOfRealEstateRevenue
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= iret_CommercialHealthcareMember
12,905us-gaap_CostOfRealEstateRevenue
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= iret_CommercialHealthcareMember
12,534us-gaap_CostOfRealEstateRevenue
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= iret_CommercialHealthcareMember
   
Gain on involuntary conversion   0us-gaap_GainOnBusinessInterruptionInsuranceRecovery
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= iret_CommercialHealthcareMember
  0us-gaap_GainOnBusinessInterruptionInsuranceRecovery
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= iret_CommercialHealthcareMember
   
Net operating income 13,272us-gaap_IncomeLossBeforeExtraordinaryItemsAndCumulativeEffectOfChangeInAccountingPrinciple
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= iret_CommercialHealthcareMember
13,122us-gaap_IncomeLossBeforeExtraordinaryItemsAndCumulativeEffectOfChangeInAccountingPrinciple
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= iret_CommercialHealthcareMember
37,417us-gaap_IncomeLossBeforeExtraordinaryItemsAndCumulativeEffectOfChangeInAccountingPrinciple
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= iret_CommercialHealthcareMember
36,806us-gaap_IncomeLossBeforeExtraordinaryItemsAndCumulativeEffectOfChangeInAccountingPrinciple
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= iret_CommercialHealthcareMember
   
Commercial-Industrial [Member]            
Segment Assets [Abstract]            
Property owned 50,900us-gaap_RealEstateInvestmentPropertyAtCost
/ us-gaap_StatementBusinessSegmentsAxis
= iret_CommercialIndustrialMember
  50,900us-gaap_RealEstateInvestmentPropertyAtCost
/ us-gaap_StatementBusinessSegmentsAxis
= iret_CommercialIndustrialMember
  55,375us-gaap_RealEstateInvestmentPropertyAtCost
/ us-gaap_StatementBusinessSegmentsAxis
= iret_CommercialIndustrialMember
 
Less accumulated depreciation (10,836)us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation
/ us-gaap_StatementBusinessSegmentsAxis
= iret_CommercialIndustrialMember
  (10,836)us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation
/ us-gaap_StatementBusinessSegmentsAxis
= iret_CommercialIndustrialMember
  (10,198)us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation
/ us-gaap_StatementBusinessSegmentsAxis
= iret_CommercialIndustrialMember
 
Total property owned 40,064us-gaap_RealEstateInvestmentPropertyNet
/ us-gaap_StatementBusinessSegmentsAxis
= iret_CommercialIndustrialMember
  40,064us-gaap_RealEstateInvestmentPropertyNet
/ us-gaap_StatementBusinessSegmentsAxis
= iret_CommercialIndustrialMember
  45,177us-gaap_RealEstateInvestmentPropertyNet
/ us-gaap_StatementBusinessSegmentsAxis
= iret_CommercialIndustrialMember
 
Commercial-Industrial [Member] | Operating Segments [Member]            
Segment revenues and net operating income [Abstract]            
Real estate revenue 1,741us-gaap_RealEstateRevenueNet
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= iret_CommercialIndustrialMember
1,664us-gaap_RealEstateRevenueNet
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= iret_CommercialIndustrialMember
4,904us-gaap_RealEstateRevenueNet
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= iret_CommercialIndustrialMember
5,273us-gaap_RealEstateRevenueNet
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= iret_CommercialIndustrialMember
   
Real estate expenses 501us-gaap_CostOfRealEstateRevenue
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= iret_CommercialIndustrialMember
493us-gaap_CostOfRealEstateRevenue
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= iret_CommercialIndustrialMember
1,223us-gaap_CostOfRealEstateRevenue
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= iret_CommercialIndustrialMember
1,447us-gaap_CostOfRealEstateRevenue
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= iret_CommercialIndustrialMember
   
Gain on involuntary conversion   0us-gaap_GainOnBusinessInterruptionInsuranceRecovery
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= iret_CommercialIndustrialMember
  0us-gaap_GainOnBusinessInterruptionInsuranceRecovery
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= iret_CommercialIndustrialMember
   
Net operating income 1,240us-gaap_IncomeLossBeforeExtraordinaryItemsAndCumulativeEffectOfChangeInAccountingPrinciple
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= iret_CommercialIndustrialMember
1,171us-gaap_IncomeLossBeforeExtraordinaryItemsAndCumulativeEffectOfChangeInAccountingPrinciple
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= iret_CommercialIndustrialMember
3,681us-gaap_IncomeLossBeforeExtraordinaryItemsAndCumulativeEffectOfChangeInAccountingPrinciple
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= iret_CommercialIndustrialMember
3,826us-gaap_IncomeLossBeforeExtraordinaryItemsAndCumulativeEffectOfChangeInAccountingPrinciple
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= iret_CommercialIndustrialMember
   
Commercial-Retail [Member]            
Segment Assets [Abstract]            
Property owned 111,352us-gaap_RealEstateInvestmentPropertyAtCost
/ us-gaap_StatementBusinessSegmentsAxis
= iret_CommercialRetailMember
  111,352us-gaap_RealEstateInvestmentPropertyAtCost
/ us-gaap_StatementBusinessSegmentsAxis
= iret_CommercialRetailMember
  117,269us-gaap_RealEstateInvestmentPropertyAtCost
/ us-gaap_StatementBusinessSegmentsAxis
= iret_CommercialRetailMember
 
Less accumulated depreciation (27,842)us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation
/ us-gaap_StatementBusinessSegmentsAxis
= iret_CommercialRetailMember
  (27,842)us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation
/ us-gaap_StatementBusinessSegmentsAxis
= iret_CommercialRetailMember
  (28,255)us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation
/ us-gaap_StatementBusinessSegmentsAxis
= iret_CommercialRetailMember
 
Total property owned 83,510us-gaap_RealEstateInvestmentPropertyNet
/ us-gaap_StatementBusinessSegmentsAxis
= iret_CommercialRetailMember
  83,510us-gaap_RealEstateInvestmentPropertyNet
/ us-gaap_StatementBusinessSegmentsAxis
= iret_CommercialRetailMember
  89,014us-gaap_RealEstateInvestmentPropertyNet
/ us-gaap_StatementBusinessSegmentsAxis
= iret_CommercialRetailMember
 
Commercial-Retail [Member] | Operating Segments [Member]            
Segment revenues and net operating income [Abstract]            
Real estate revenue 3,283us-gaap_RealEstateRevenueNet
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= iret_CommercialRetailMember
3,481us-gaap_RealEstateRevenueNet
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= iret_CommercialRetailMember
10,113us-gaap_RealEstateRevenueNet
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= iret_CommercialRetailMember
10,152us-gaap_RealEstateRevenueNet
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= iret_CommercialRetailMember
   
Real estate expenses 1,250us-gaap_CostOfRealEstateRevenue
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= iret_CommercialRetailMember
1,279us-gaap_CostOfRealEstateRevenue
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= iret_CommercialRetailMember
3,488us-gaap_CostOfRealEstateRevenue
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= iret_CommercialRetailMember
3,596us-gaap_CostOfRealEstateRevenue
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= iret_CommercialRetailMember
   
Gain on involuntary conversion   0us-gaap_GainOnBusinessInterruptionInsuranceRecovery
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= iret_CommercialRetailMember
  0us-gaap_GainOnBusinessInterruptionInsuranceRecovery
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= iret_CommercialRetailMember
   
Net operating income $ 2,033us-gaap_IncomeLossBeforeExtraordinaryItemsAndCumulativeEffectOfChangeInAccountingPrinciple
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= iret_CommercialRetailMember
$ 2,202us-gaap_IncomeLossBeforeExtraordinaryItemsAndCumulativeEffectOfChangeInAccountingPrinciple
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= iret_CommercialRetailMember
$ 6,625us-gaap_IncomeLossBeforeExtraordinaryItemsAndCumulativeEffectOfChangeInAccountingPrinciple
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= iret_CommercialRetailMember
$ 6,556us-gaap_IncomeLossBeforeExtraordinaryItemsAndCumulativeEffectOfChangeInAccountingPrinciple
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= iret_CommercialRetailMember