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NONCONTROLLING INTERESTS | 12 Months Ended
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Apr. 30, 2016
NONCONTROLLING INTERESTS [Abstract] |
NONCONTROLLING INTERESTS | NOTE 6 • NONCONTROLLING INTERESTS Interests in the Operating Partnership held by limited partners are represented by Units. The Operating Partnership’s income is allocated to holders of Units based upon the ratio of their holdings to the total Units outstanding during the period. Capital contributions, distributions and profits and losses are allocated to noncontrolling interests in accordance with the terms of the Operating Partnership’s Agreement of Limited Partnership. We reflect noncontrolling interests in consolidated real estate entities on the balance sheet for the portion of properties consolidated by us that are not wholly owned by us. The earnings or losses from these properties attributable to the noncontrolling interests are reflected as net income attributable to noncontrolling interests –‑consolidated real estate entities in the Consolidated Statements of Operations. During fiscal year 2016, Mendota Properties LLC disposed of the five properties held by the entity. Our noncontrolling interests – consolidated real estate entities at April 30, 2016 and 2015 were as follows:
|  | (in thousands) |
|  | April 30, 2016 |  | April 30, 2015 |
IRET-71 France, LLC |  | $ | 8,070 |  | $ | 8,630 |
IRET-Cypress Court Apartments, LLC |  |  | 1,042 |  |  | 1,089 |
IRET-RED 20, LLC |  |  | 2,410 |  |  | 3,072 |
IRET-Williston Garden Apartments, LLC |  |  | 3,014 |  |  | 3,090 |
IRET - WRH 1, LLC |  |  | 5,266 |  |  | 6,138 |
Mendota Properties LLC |  |  | — |  |  | 7,294 |
WRH Holding, LLC |  |  | 1,195 |  |  | 1,206 |
Other |  |  | 23 |  |  | — |
Noncontrolling interests – consolidated real estate entities |  | $ | 21,020 |  | $ | 30,519 |

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- Definition The entire disclosure for noncontrolling interest in consolidated subsidiaries, which could include the name of the subsidiary, the ownership percentage held by the parent, the ownership percentage held by the noncontrolling owners, the amount of the noncontrolling interest, the location of this amount on the balance sheet (when not reported separately), an explanation of the increase or decrease in the amount of the noncontrolling interest, the noncontrolling interest share of the net Income or Loss of the subsidiary, the location of this amount on the income statement (when not reported separately), the nature of the noncontrolling interest such as background information and terms, the amount of the noncontrolling interest represented by preferred stock, a description of the preferred stock, and the dividend requirements of the preferred stock. + 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 210.5-02.31) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=18733093&loc=SL4573702-111684 + Details
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