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SEGMENT REPORTING (Details)
$ in Thousands
 3 Months Ended
Jul. 31, 2015
USD ($)
Segment
Jul. 31, 2014
USD ($)
Apr. 30, 2015
USD ($)
Apr. 30, 2014
USD ($)
SEGMENT REPORTING [Abstract]        
Number of reportable segments | Segment 3      
Segment revenues and net operating income [Abstract]        
Real estate revenue $ 49,918 $ 48,421    
Real estate expenses 18,400 18,252    
Net operating income 31,518 30,169    
TRS senior housing revenue 1,038 793    
TRS senior housing expenses (769) (693)    
Depreciation/amortization (13,443) (12,435)    
Administrative expenses (2,454) (3,664)    
Other expenses (424) (612)    
Impairment of real estate investments (1,285) (2,320)    
Interest expense (9,196) (9,747)    
Interest and other income 607 686    
Income before loss on sale of real estate and other investments and income from discontinued operations 5,592 2,177    
Loss on sale of real estate and other investments (175) (2,993)    
Income (loss) from continuing operations 5,417 (816)    
Loss from discontinued operations (690) 617    
NET INCOME (LOSS) 4,727 (199)    
Segment Assets [Abstract]        
Property owned 1,618,948   $ 1,546,367  
Less accumulated depreciation (325,536)   (313,308)  
Total property owned 1,293,412   1,233,059  
Assets held for sale 453,217   463,103  
Cash and cash equivalents 44,770 60,620 48,970 $ 47,267
Other investments 329   329  
Receivables and other assets 74,609   72,555  
Development in progress 133,794   153,994  
Unimproved land 24,542   25,827  
TOTAL ASSETS 2,024,673   1,997,837  
All Other [Member]        
Segment revenues and net operating income [Abstract]        
Real estate revenue [1] 1,211 2,922    
Real estate expenses [1] 250 1,225    
Net operating income [1] 961 1,697    
Segment Assets [Abstract]        
Property owned [2] 44,215   44,215  
Less accumulated depreciation [2] (9,544)   (9,123)  
Total property owned [2] 34,671   35,092  
Operating Segments [Member] | Multi-Family Residential [Member]        
Segment revenues and net operating income [Abstract]        
Real estate revenue 31,379 27,727    
Real estate expenses 13,922 12,221    
Net operating income 17,457 15,506    
Segment Assets [Abstract]        
Property owned 989,958   946,520  
Less accumulated depreciation (188,062)   (180,414)  
Total property owned 801,896   766,106  
Operating Segments [Member] | Healthcare [Member]        
Segment revenues and net operating income [Abstract]        
Real estate revenue 15,706 16,202    
Real estate expenses 3,832 4,356    
Net operating income 11,874 11,846    
Segment Assets [Abstract]        
Property owned 524,414   495,021  
Less accumulated depreciation (116,254)   (112,515)  
Total property owned 408,160   382,506  
Operating Segments [Member] | Industrial [Member]        
Segment revenues and net operating income [Abstract]        
Real estate revenue 1,622 1,570    
Real estate expenses 396 450    
Net operating income 1,226 $ 1,120    
Segment Assets [Abstract]        
Property owned 60,361   60,611  
Less accumulated depreciation (11,676)   (11,256)  
Total property owned $ 48,685   $ 49,355  
[1] NOI from segments below the quantitative thresholds is attributable to the Company's office and retail segments. Both of these segments met the quantitative threshold for determining reportable segments prior to the first quarter of fiscal year 2016, at which time the Company classified the majority of the properties in these segments as held for sale and discontinued operations.
[2] Property owned from segments below the quantitative thresholds is attributable to the Company's office and retail segments. Both of these segments met the quantitative threshold for determining reportable segments prior to the first quarter of fiscal year 2016, at which time the Company classified the majority of the properties in these segments as held for sale and discontinued operations.