XML 62 R49.htm IDEA: XBRL DOCUMENT
v3.5.0.2

FAIR VALUE MEASUREMENTS (Details) $ in Thousands | 3 Months Ended |
--- | --- | ---
Jul. 31, 2016 USD ($) property | Apr. 30, 2016 USD ($) property
FINANCIAL LIABILITIES [Abstract] |  |
Mortgages payable | $ 812,082 | $ 812,393
Carrying Amount [Member] |  |
FINANCIAL ASSETS [Abstract] |  |
Cash and cash equivalents | 54,438 | 66,698
FINANCIAL LIABILITIES [Abstract] |  |
Other debt | 78,383 | 82,026
Lines of credit | 17,500 | 17,500
Mortgages payable | 816,626 | 817,324
Mortgages payable related to assets held for sale | 67,794 | 68,824
Fair Value [Member] |  |
FINANCIAL ASSETS [Abstract] |  |
Cash and cash equivalents | 54,438 | 66,698
FINANCIAL LIABILITIES [Abstract] |  |
Other debt | 78,383 | 82,026
Lines of credit | 17,500 | 17,500
Mortgages payable | 884,809 | 866,649
Mortgages payable related to assets held for sale | 79,632 | 78,690
Nonrecurring [Member] |  |
Fair Value Measurements on a Nonrecurring Basis [Abstract] |  |
Real estate investments | $ 35,281 |
Real estate held for sale |  | $ 6,650
Number of real estate properties with fair value measured by independent appraisal | property | 1 |
Number of real estate properties with fair value measured by discounted cash flow | property | 3 |
Anticipated holding period | 10 years |
Discount rate (as a percent) | 9.00% |
Terminal capitalizaton (as a percent) | 9.00% |
Nonrecurring [Member] | Discontinued Operations, Held-for-sale [Member] |  |
Fair Value Measurements on a Nonrecurring Basis [Abstract] |  |
Number of real estate properties with fair value measured by individual market offer | property |  | 2
Nonrecurring [Member] | Level 3 [Member] |  |
Fair Value Measurements on a Nonrecurring Basis [Abstract] |  |
Real estate investments | $ 35,281 |
Real estate held for sale |  | $ 6,650

X
- References No definition available. + Details
Name: | iret_FairValueAssetsAndLiabilitiesMeasuredOnNonrecurringBasisAbstract
Namespace Prefix: | iret_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Number of properties using discounted cash flow to measure fair value. + References No definition available. + Details
Name: | iret_FairValueMeasurementsValuationTechniquesNumberOfPropertiesUsingDiscountedCashFlow
Namespace Prefix: | iret_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | instant

X
- Definition Number of properties using an independent appraisal to measure fair value. + References No definition available. + Details
Name: | iret_FairValueMeasurementsValuationTechniquesNumberOfPropertiesUsingIndependentAppraisal
Namespace Prefix: | iret_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | instant

X
- Definition Number of properties using individual market offers to measure fair value. + References No definition available. + Details
Name: | iret_FairValueMeasurementsValuationTechniquesNumberOfPropertiesUsingIndividualMarketOffer
Namespace Prefix: | iret_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | instant

X
- Definition This element represents the portion of the balance sheet assertion valued at fair value by the entity whether such amount is presented as a separate caption or as a parenthetical disclosure. Additionally, this element may be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. The element may be used in both the balance sheet and disclosure in the same submission. This item represents loan receivable as presented on the statement of financial position which may include investments in land and buildings, excluding real estate considered to be inventory of the entity. + References No definition available. + Details
Name: | iret_IretRealEstateInvestmentFairValueDisclosure
Namespace Prefix: | iret_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Fair value portion of mortgages payable related to assets held for sale. + References No definition available. + Details
Name: | iret_MortgagesPayableRelatedToAssetsHeldForSaleFairValueDisclosure
Namespace Prefix: | iret_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition This element represents the portion of the balance sheet assertion valued at fair value by the entity whether such amount is presented as a separate caption or as a parenthetical disclosure. Additionally, this element may be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. The element may be used in both the balance sheet and disclosure in the same submission. This item represents loan receivable as presented on the statement of financial position which may include investments in land and buildings held for sale, excluding real estate considered to be inventory of the entity. + References No definition available. + Details
Name: | iret_RealEstateHeldForSaleFairValueDisclosure
Namespace Prefix: | iret_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Fair value portion of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Cash -URI http://asc.fasb.org/extlink&oid=6506951 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Cash Equivalents -URI http://asc.fasb.org/extlink&oid=6507016 + Details
Name: | us-gaap_CashAndCashEquivalentsFairValueDisclosure
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Period the instrument, asset or liability is expected to be outstanding, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueAssumptionsExpectedTerm
Namespace Prefix: | us-gaap_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Definition Ratio of the net operating income produced by an asset and its capital cost (original prices paid to buy the asset), used as an input to measure fair value. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueInputsCapRate
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Interest rate used to find the present value of an amount to be paid or received in the future as an input to measure fair value. For example, but not limited to, weighted average cost of capital (WACC), cost of capital, cost of equity and cost of debt. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueInputsDiscountRate
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_FinancialInstrumentsFinancialAssetsBalanceSheetGroupingsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_FinancialInstrumentsFinancialLiabilitiesBalanceSheetGroupingsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Fair value portion of contractual arrangement with a lender under which borrowings can be made up to a specific amount at any point in time. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Line-of-Credit Arrangement -URI http://asc.fasb.org/extlink&oid=6517033 + Details
Name: | us-gaap_LinesOfCreditFairValueDisclosure
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Fair value portion of contractual obligation to pay money on demand or on fixed or determinable dates. + References No definition available. + Details
Name: | us-gaap_LoansPayableFairValueDisclosure
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Carrying amount of long-term debt, net of unamortized discount or premium, including current and noncurrent amounts. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.16) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03.16) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 20, 22 -Article 5 + Details
Name: | us-gaap_LongTermDebt
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Details
Name: | us-gaap_FairValueByMeasurementBasisAxis=us-gaap_CarryingReportedAmountFairValueDisclosureMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByMeasurementBasisAxis=us-gaap_EstimateOfFairValueFairValueDisclosureMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByMeasurementFrequencyAxis=us-gaap_FairValueMeasurementsNonrecurringMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DisposalGroupClassificationAxis=us-gaap_DiscontinuedOperationsHeldforsaleMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |