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ACQUISITIONS AND DISPOSITIONS (Tables) | 3 Months Ended
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Jul. 31, 2018
Business Combinations [Abstract] |
Schedule of Acquisitions | Our acquisitions during the three months ended July 31, 2017 are detailed below. Three Months Ended July 31, 2017
| Date Acquired |  | (in thousands)
|  | Total Acquisition Cost |  |  | Investment Allocation
Acquisitions |  |  | Land |  |  | Building |  |  | Intangible Assets |
Multifamily |  |  |  |  |  |  |  |  |
191 unit - Oxbo - St. Paul, MN(1) | May 26, 2017 |  | $ | 61,500 |  |  | $ | 5,809 |  |  | $ | 54,910 |  |  | $ | 781 |
Total Property Acquisitions |  |  | $ | 61,500 |  |  | $ | 5,809 |  |  | $ | 54,910 |  |  | $ | 781 |
(1) | Property includes 11,477 square feet of retail space.
Schedule of Dispositions | The following table details our dispositions for the three months ended July 31, 2018 and 2017: Three Months Ended July 31, 2018
|  |  | (in thousands) |
Dispositions | Date Disposed |  | Sales Price |  | Book Value and Sale Cost |  | Gain/(Loss) |
Multifamily |  |  |  |  |  |  |  |
44 unit - Dakota Commons - Williston, ND | July 26, 2018 |  | $ | 4,420 |  |  | $ | 3,878 |  |  | $ | 542 |  |
145 unit - Williston Garden - Williston, ND(1) | July 26, 2018 |  | 12,310 |  |  | 11,313 |  |  | 997 |  |
288 unit - Renaissance Heights - Williston, ND(2) | July 26, 2018 |  | 24,770 |  |  | 17,856 |  |  | 6,914 |  |
|  |  | 41,500 |  |  | 33,047 |  |  | 8,453 |  |
Other |  |  |  |  |  |  |  |
7,849 sq ft Minot Southgate Retail - Minot, ND | July 12, 2018 |  | $ | 1,925 |  |  | $ | 2,056 |  |  | $ | (131 | ) |
9,052 sq ft Fresenius - Duluth, MN | July 27, 2018 |  | 1,900 |  |  | 1,078 |  |  | $ | 822 |  |
|  |  | 3,825 |  |  | 3,134 |  |  | 691 |  |
Unimproved Land |  |  |  |  |  |  |  |
Grand Forks - Grand Forks, ND | July 16, 2018 |  | $ | 3,000 |  |  | $ | 2,986 |  |  | $ | 14 |  |
Renaissance Heights - Williston, ND(3) | July 26, 2018 |  | 750 |  |  | 684 |  |  | 66 |  |
|  |  | 3,750 |  |  | 3,670 |  |  | 80 |  |
Total Property Dispositions |  |  | $ | 49,075 |  |  | $ | 39,851 |  |  | $ | 9,224 |  |
(1) | This apartment community was owned by a joint venture entity in which we had an interest of approximately 74.11%. The joint venture is consolidated in our financial statements.
(2) | This apartment community was owned by a joint venture entity in which we had an interest of approximately 87.14%. The joint venture is consolidated in our financial statements.
(3) | This parcel of land was owned by a joint venture entity in which we had an interest of approximately 70.00%. The joint venture is consolidated in our financial statements.
Three Months Ended July 31, 2017
|  |  | (in thousands) |
Dispositions | Date Disposed |  | Sale Price |  | Book Value and Sale Cost |  | Gain/(Loss) |
Other |  |  |  |  |  |  |  |
4,998 sq ft Minot Southgate Wells Fargo Bank - Minot, ND | May 15, 2017 |  | $ | 3,440 |  |  | $ | 3,332 |  |  | $ | 108 |  |
Total Property Dispositions |  |  | $ | 3,440 |  |  | $ | 3,332 |  |  | $ | 108 |  |

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