XML 29 R18.htm IDEA: XBRL DOCUMENT
v3.7.0.1

REDEEMABLE NONCONTROLLING INTERESTS | 3 Months Ended
--- | ---
Jul. 31, 2017
REDEEMABLE NONCONTROLLING INTERESTS [Abstract] |
REDEEMABLE NONCONTROLLING INTERESTS | NOTE 11 • REDEEMABLE NONCONTROLLING INTERESTS Redeemable noncontrolling interests on the Condensed Consolidated Balance Sheets represent the noncontrolling interest in joint ventures in which our unaffiliated partner, at its election, could require us to buy its interest at a purchase price to be determined by an appraisal conducted in accordance with the terms of the agreement, or at a negotiated price. Redeemable noncontrolling interests are presented at the greater of their carrying amount or redemption value at the end of each reporting period. Changes in the value from period to period are charged to Common Shares on the Condensed Consolidated Balance Sheets. We currently have one joint venture, IRET-Minot Apartments, LLC, in which our joint venture partner can, for the four-year period from February 6, 2016 through February 5, 2020, compel us to acquire the partner’s interest for a price to be determined in accordance with the provisions of the joint venture agreement. IRET-Minot Apartments, LLC owns the Commons and Landing at Southgate property in Minot, ND. Below is a table reflecting the activity of the redeemable noncontrolling interests.
|  | (in thousands) |
Balance at April 30, 2017 |  | $ | 7,181 |
Net income |  |  | (171) |
Balance at July 31, 2017 |  | $ | 7,010 |

X
- Definition Disclosure pertaining to Redeemable Noncontrolling Interests. + References No definition available. + Details
Name: | iret_RedeemableNoncontrollingInterestsTextBlock
Namespace Prefix: | iret_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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