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SUBSEQUENT EVENTS | 3 Months Ended
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Jul. 31, 2016
SUBSEQUENT EVENTS [Abstract] |
SUBSEQUENT EVENTS | NOTE 13 • SUBSEQUENT EVENTS Common and Preferred Share Distributions. On September 1, 2016, our Board of Trustees declared the following distributions:
|  | Quarterly Amount |  |  |  |  |
Class of shares/units |  | per Share or Unit |  | Record Date |  | Payment Date |
Common shares and limited partnership units |  | $ | 0.1300 |  | September 15, 2016 |  | October 3, 2016 |
Preferred shares: |  |  |  |  |  |  |  |
Series A |  | $ | 0.5156 |  | September 15, 2016 |  | September 30, 2016 |
Series B |  | $ | 0.4968 |  | September 15, 2016 |  | September 30, 2016 |
Acquisition of Joint Venture Minority Interest. On August 4, 2016, we purchased the remaining 41.41% minority interest in the Red 20 mixed-use, multifamily and retail property for a purchase price totaling $4.9 million. Pending Acquisitions. On August 5, 2016 we signed an agreement to prepurchase a to-be-built multifamily property with 150 units and 23,600 square feet of retail space in Minneapolis, MN, for a purchase price of $47.6 million, to be paid in cash. This pending acquisition is subject to various closing conditions and contingencies, and no assurances can be given that the transaction will be completed on the terms currently proposed, or at all. Pending Dispositions. On August 26, 2016 we signed six agreements to sell 26 senior housing properties for a total of approximately $236.0 million. These pending dispositions are subject to various closing conditions and contingencies, and no assurances can be given that the transactions will be completed on the terms currently proposed, or at all.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References No definition available. + Details
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