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COMMITMENTS AND CONTINGENCIES (Tables) | 9 Months Ended
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Jan. 31, 2016
COMMITMENTS AND CONTINGENCIES [Abstract] |
Development. Expansion and Renovation Projects | As of January 31, 2016, we had several development, expansion and renovation projects underway or placed in service during the quarter, the costs for which have been capitalized, as follows:
|  |  |  |  |  |  |  | (in thousands) |  |  | (in fiscal years) |
Project Name and Location |  | Planned Segment |  |  | Rentable Square Feet or Number of Units |  |  | Anticipated Total Cost(1) |  |  | Costs as of January 31, 2016(1) |  |  | Anticipated Construction Completion |
Deer Ridge - Jamestown, ND |  | Multifamily |  |  | 163 units |  |  |  | 24,874 |  |  |  | 24,874 |  |  | 4Q 2016 |
Cardinal Point - Grand Forks, ND(2) |  | Multifamily |  |  | 251 units |  |  |  | 48,242 |  |  |  | 48,242 |  |  | 4Q 2016 |
71 France - Edina, MN(3) |  | Multifamily |  |  | 241 units |  |  |  | 73,290 |  |  |  | 69,105 |  |  | 1Q 2017 |
Monticello Crossings - Monticello, MN |  | Multifamily |  |  | 202 units |  |  |  | 31,784 |  |  |  | 11,210 |  |  | 2Q 2017 |
Other |  |  | n/a |  |  |  | n/a |  |  |  | n/a |  |  |  | 3,524 |  |  |  | n/a |
|  |  |  |  |  |  |  |  |  | $ | 178,190 |  |  | $ | 156,955 |  |  |  |  |
(1) | Includes costs related to development projects that are placed in service in phases (Deer Ridge - $14.3 million, 71 France - $41.3 million, Cardinal Point - $23.0 million).
(2) | Anticipated total cost as of January 31, 2016 includes incremental cost increase due to the replacement of the project’s original general contractor. There may be additional costs for this project as it nears completion in the fourth quarter of fiscal year 2016.
(3) | The project is being constructed in three phases by a joint venture entity in which we currently have an approximately 52.6% interest. The anticipated total cost amount given in the table above is the total cost to the joint venture entity. The anticipated total cost includes approximately 21,772 square feet of retail space.

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- Definition Tabular disclosure of an enterprise's obligations to construction, development and renovation projects in the near future under existing contracts or agreements. + References No definition available. + Details
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