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DISCONTINUED OPERATIONS (Details) $ in Thousands | 3 Months Ended |
--- | --- | ---
Jul. 31, 2015 USD ($) Property | Jul. 31, 2014 USD ($) | Apr. 30, 2015 USD ($)
REVENUE |  |  |  |
Real estate rentals |  | $ 45,522 | $ 43,564 |
Tenant reimbursement |  | 4,396 | 4,857 |
TOTAL REVENUE |  | 50,956 | 49,214 |
EXPENSES |  |  |  |
Depreciation/amortization related to real estate investments |  | 13,272 | 12,214 |
Utilities |  | 3,206 | 2,945 |
Maintenance |  | 5,374 | 4,986 |
Real estate taxes |  | 4,917 | 4,987 |
Insurance |  | 1,100 | 1,462 |
Property management expenses |  | 3,871 | 3,666 |
Amortization related to non-real estate investments |  | 171 | 221 |
Impairment of real estate investments |  | 1,285 | 2,320 |
TOTAL EXPENSES |  | 36,775 | 37,976 |
Interest expense |  | (9,196) | (9,747) |
Default interest | [1] | 1,500 | 0 |
Other income |  | 51 | 126 |
INCOME FROM DISCONTINUED OPERATIONS |  | (690) | 617 |
Carrying amounts of major classes of assets included as part of discontinued operations |  |  |  |
Property owned and intangible assets, net of accumulated depreciation and amortization |  | 414,380 |  | $ 417,045
Receivable arising from straight-lining of rents |  | 9,843 |  | 10,078
Accounts receivable |  | 759 |  | 566
Prepaid and other assets |  | 443 |  | 699
Tax, insurance and other escrow |  | 1,017 |  | 1,176
Goodwill |  | 193 |  | 193
Deferred charges and leasing costs |  | 9,918 |  | 9,606
Total major classes of assets of the discontinued operations |  | 436,553 |  | 439,363
Other assets included in the disposal group classified as held for sale |  | 16,664 |  | 23,740
Total assets of the disposal groups classified as held for sale on the balance sheet |  | 453,217 |  | 463,103
Carrying amounts of major classes of liabilities included as part of discontinued operations |  |  |  |
Accounts payable and accrued expenses |  | 15,173 |  | 13,952
Mortgages payable |  | 282,106 |  | 295,677
Other |  | 0 |  | 4
Total major classes of liabilities of the discontinued operations |  | 297,279 |  | 309,633
Other liabilities included in the disposal group classified as held for sale |  | 11,533 |  | 11,760
Total liabilities of the disposal groups classified as held for sale on the balance sheet |  | 308,812 |  | $ 321,393
Defaulted Mortgage [Member] |  |  |  |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] |  |  |  |
Non-recourse loan |  | $ 122,600 |  |
Retail Properties [Member] |  |  |  |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] |  |  |  |
Number of properties held for sale | Property |  | 17 |  |
Office [Member] |  |  |  |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] |  |  |  |
Number of properties held for sale | Property |  | 48 |  |
Number of loan properties | Property |  | 9 |  |
Healthcare Properties [Member] |  |  |  |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] |  |  |  |
Number of properties held for sale | Property |  | 1 |  |
Discontinued Operations [Member] |  |  |  |
REVENUE |  |  |  |
Real estate rentals |  | $ 13,614 | 13,562 |
Tenant reimbursement |  | 6,164 | 5,854 |
TOTAL REVENUE |  | 19,778 | 19,416 |
EXPENSES |  |  |  |
Depreciation/amortization related to real estate investments |  | 4,239 | 3,970 |
Utilities |  | 1,743 | 1,736 |
Maintenance |  | 2,992 | 2,778 |
Real estate taxes |  | 3,419 | 3,514 |
Insurance |  | 265 | 274 |
Property management expenses |  | 1,051 | 964 |
Amortization related to non-real estate investments |  | 624 | 651 |
Impairment of real estate investments |  | 440 | 0 |
TOTAL EXPENSES |  | 14,773 | 13,887 |
Operating income (loss) |  | 5,005 | 5,529 |
Interest expense | [1] | (5,765) | (4,917) |
Other income |  | 70 | 5 |
INCOME FROM DISCONTINUED OPERATIONS |  | $ (690) | $ 617 |
[1] | Includes $1.5 million and $0, respectively, of default interest related to a $122.6 million non-recourse loan by a Company subsidiary, for which we received a default notice from the special servicer on April 14, 2015 due to nonpayment on April 6, 2015.

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- Definition Amount classified as liabilities attributable to disposal group held for sale or disposed of. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=51719941&loc=d3e2941-110230 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=51716988&loc=d3e1107-107759 Reference 3: 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 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5B -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721673-107760 + Details
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- Definition Amount of debt for which creditor does not have general recourse to the debtor but rather has recourse only to the property used for collateral in the transaction or other specific property. + References No definition available. + Details
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- Definition The total amount of revenue recognized for the period from operating leases, including minimum lease revenue, contingent revenue, percentage revenue and sublease revenue. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 25 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=7501430&loc=d3e39896-112707 + Details
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- Definition The net amount of other income and expense amounts, the components of which are not separately disclosed on the income statement, resulting from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business) also known as other nonoperating income (expense) recognized for the period. Such amounts may include: (a) dividends, (b) interest on securities, (c) net gains or losses on securities, (d) unusual costs, (e) gains or losses on foreign exchange transactions, and (f) miscellaneous other income and expense items. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.9) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 + Details
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- Definition The aggregate costs related to management of owned properties during the reporting period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.2(d)) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 + Details
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- Definition A contract to provide coverage or protection in exchange for a payment or "premium". Examples of insurance protection include liability and property insurance. The entity paying the premiums for the protection will have insurance expense and possibly an asset, Prepaid Insurance (if the premiums are paid in advance). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.6) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 + Details
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- Definition The aggregate revenue from real estate operations during the reporting period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1(e)) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 + Details
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- Definition A tax based on the assessed value of real estate by the local government. The tax is usually based on the value of property (including the land). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 720 -SubTopic 30 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6419918&loc=d3e35301-107843 + Details
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- Definition In accordance with the provisions of their lease agreement, this element represents allowable charges due a landlord from its tenant. In retail store and office building leases, for example, tenant reimbursements may cover items such as taxes, utilities, and common area expenses. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1(e)) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 + Details
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- Definition Utilities costs incurred during the reporting period for services, such as water, sewer, gas, electricity and telephone required to operate a building. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.2) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 + Details
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