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SEGMENT REPORTING (Details)
$ in Thousands
 3 Months Ended 6 Months Ended 12 Months Ended
Oct. 31, 2015
USD ($)
Oct. 31, 2014
USD ($)
Oct. 31, 2015
USD ($)
Segment
Oct. 31, 2014
USD ($)
Apr. 30, 2015
USD ($)
Segment
Apr. 30, 2014
USD ($)
SEGMENT REPORTING [Abstract]            
Number of reportable segments | Segment     3   5  
Segment revenues and net operating income [Abstract]            
Real estate revenue $ 51,305 $ 50,346 $ 101,223 $ 98,767    
Real estate expenses 20,032 17,764 38,432 36,016    
Net operating income 31,273 32,582 62,791 62,751    
TRS senior housing revenue, net of expenses 153 118 422 218    
Depreciation/amortization (14,630) (13,075) (28,073) (25,510)    
Administrative expenses (2,933) (2,890) (5,387) (6,554)    
Other expenses (1,204) (578) (1,628) (1,190)    
Impairment of real estate investments (1,873) (1,803) (3,158) (4,123)    
Interest expense (10,131) (9,954) (19,327) (19,701)    
Loss on extinguishment of debt (106) 0 (106) 0    
Interest and other income 665 696 1,272 1,382    
Income before gain (loss) on sale of real estate and other investments and income (loss) from discontinued operations 1,214 5,096 6,806 7,273    
Gain (loss) on sale of real estate and other investments 0 1,231 (175) (1,762)    
Income from continuing operations 1,214 6,327 6,631 5,511    
Income (loss) from discontinued operations 15,463 (457) 14,773 160    
NET INCOME 16,677 5,870 21,404 5,671    
Segment Assets [Abstract]            
Property owned 1,763,150   1,763,150   $ 1,546,367  
Less accumulated depreciation (333,570)   (333,570)   (313,308)  
Total property owned 1,429,580   1,429,580   1,233,059  
Assets held for sale 115,428   115,428   463,103  
Cash and cash equivalents 55,133 52,999 55,133 52,999 48,970 $ 47,267
Other investments 329   329   329  
Receivables and other assets 69,155   69,155   72,555  
Development in progress 89,843   89,843   153,994  
Unimproved land 22,485   22,485   25,827  
TOTAL ASSETS 1,781,953   1,781,953   1,997,837  
All Other [Member]            
Segment revenues and net operating income [Abstract]            
Real estate revenue 1,179 2,828 2,389 5,750    
Real estate expenses 362 1,217 612 2,444    
Net operating income 817 1,611 1,777 3,306    
Segment Assets [Abstract]            
Property owned 46,223   46,223   44,215  
Less accumulated depreciation (9,620)   (9,620)   (9,123)  
Total property owned 36,603   36,603   35,092  
Operating Segments [Member] | Multi-Family Residential [Member]            
Segment revenues and net operating income [Abstract]            
Real estate revenue 32,107 29,594 63,487 57,321    
Real estate expenses 15,218 12,164 29,142 24,382    
Net operating income 16,889 17,430 34,345 32,939    
Segment Assets [Abstract]            
Property owned 1,097,171   1,097,171   946,520  
Less accumulated depreciation (191,854)   (191,854)   (180,414)  
Total property owned 905,317   905,317   766,106  
Operating Segments [Member] | Healthcare [Member]            
Segment revenues and net operating income [Abstract]            
Real estate revenue 16,379 16,331 32,085 32,533    
Real estate expenses 4,163 4,111 7,995 8,469    
Net operating income 12,216 12,220 24,090 24,064    
Segment Assets [Abstract]            
Property owned 558,979   558,979   495,021  
Less accumulated depreciation (120,010)   (120,010)   (112,515)  
Total property owned 438,969   438,969   382,506  
Operating Segments [Member] | Industrial [Member]            
Segment revenues and net operating income [Abstract]            
Real estate revenue 1,640 1,593 3,262 3,163    
Real estate expenses 289 272 683 721    
Net operating income 1,351 $ 1,321 2,579 $ 2,442    
Segment Assets [Abstract]            
Property owned 60,777   60,777   60,611  
Less accumulated depreciation (12,086)   (12,086)   (11,256)  
Total property owned $ 48,691   $ 48,691   $ 49,355