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SUBSEQUENT EVENTS | 12 Months Ended
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Apr. 30, 2017
SUBSEQUENT EVENTS [Abstract] |
SUBSEQUENT EVENTS | NOTE 21 • SUBSEQUENT EVENTS Common and Preferred Share Distributions. On June 5, 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 |  | $ | 0.0700 |  | June 22, 2017 |  | July 3, 2017 |
Preferred shares: |  |  |  |  |  |  |  |
Series B |  | $ | 0.4968 |  | June 22, 2017 |  | June 30, 2017 |
Completed Acquisition. On May 26, 2017, we closed on the acquisition of a 191-unit multifamily property in St. Paul, MN for a purchase price of $61.5 million, paid in cash. The purchase price accounting is incomplete for this acquisition. Completed Disposition. On May 15, 2017, we sold a retail property in Minot, ND for a sales price of $3.4 million. Pending Disposition. On June 19, 2017, we signed an agreement to sell a healthcare property in Eagan, MN for a sales price of $2.1 million. This pending disposition is subject to various closing conditions and contingencies, and no assurances can be given that the transaction will be completed on the terms currently expected, 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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