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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Jan. 31, 2017
Jan. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES    
Net (loss) income $ (3,115) $ 64,847
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation and amortization 42,379 43,811
Depreciation and amortization from discontinued operations 81 5,425
(Gain) loss on sale of real estate, land, other investments and discontinued operations (37,330) (25,512)
Gain on extinguishment of debt and discontinued operations 870 (35,552)
Share-based compensation expense 1,428 1,391
Impairment of real estate investments 54,153 3,760
Bad debt expense 234 392
Changes in other assets and liabilities:    
Receivable arising from straight-lining of rents (373) (104)
Accounts receivable (1,153) 301
Prepaid and other assets (1,209) (265)
Tax, insurance and other escrow (789) (193)
Deferred charges and leasing costs (2,141) (999)
Accounts payable, accrued expenses and other liabilities 2,664 (10,363)
Net cash provided by operating activities 55,699 46,939
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from real estate deposits 1,370 3,725
Payments for real estate deposits (1,370) (2,486)
Decrease in other investments 50 279
Decrease in lender holdbacks for improvements 1,688 3,906
Increase in lender holdbacks for improvements (646) (862)
Proceeds from sale of discontinued operations 112,932 366,125
Proceeds from sale of real estate and other investments 17,710 8,580
Insurance proceeds received 275 1,035
Payments for acquisitions of real estate assets   (71,381)
Payments for development and re-development of real estate assets (16,082) (106,306)
Payments for improvements of real estate assets (34,536) (20,692)
Payments for improvements of real estate assets from discontinued operations   (5,182)
Net cash provided by investing activities 81,391 176,741
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from mortgages payable 84,150 95,602
Principal payments on mortgages payable (242,912) (218,264)
Proceeds from revolving lines of credit 234,000 43,000
Principal payments on revolving lines of credit (94,500) (110,554)
Proceeds from construction debt 17,041 62,268
Principal payments on construction debt (49,080)  
Proceeds from sale of common shares under distribution reinvestment and share purchase program   1,493
Additions to notes receivable from noncontrolling partner – consolidated real estate entities (9,211)  
Proceeds from noncontrolling partner - consolidated real estate entities 9,749 1,120
Payments for acquisition of noncontrolling interests - consolidated real estate entities (4,938)  
Repurchase of common shares   (35,000)
Repurchase of Preferred shares (28,752)  
Distributions paid to common shareholders (47,387) (44,326)
Distributions paid to preferred shareholders (8,458) (8,636)
Distributions paid to noncontrolling interests - Unitholders of the Operating Partnership (6,332) (5,301)
Distributions paid to noncontrolling interests - consolidated real estate entities (159) (6,935)
Net cash (used) provided by financing activities (146,789) (225,533)
NET DECREASE IN CASH AND CASH EQUIVALENTS (9,699) (1,853)
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 66,698 48,970
CASH AND CASH EQUIVALENTS AT END OF YEAR 56,999 47,117
SUPPLEMENTARY SCHEDULE OF NON-CASH INVESTING AND FINANCING ACTIVITIES    
Distribution reinvestment plan - shares issued   3,997
Operating partnership distribution reinvestment plan - shares issued   130
Operating partnership units converted to shares 548 980
Real estate assets acquired through the issuance of operating partnership units   400
Increase to accounts payable included within real estate investments (543) (4,991)
Conversion to equity of notes receivable from noncontrolling interests – consolidated real estate entities 9,846  
Construction debt reclassified to mortgages payable 10,549 41,649
Decrease in real estate assets in connection with transfer of real estate assets in settlement of debt   87,213
Decrease in debt in connection with transfer of real estate assets in settlement of debt   122,610
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Cash paid for interest, net of amounts capitalized of $298 and $3,367, respectively $ 26,504 $ 28,990