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ACQUISITIONS AND DISPOSITIONS (Tables) | 6 Months Ended
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Oct. 31, 2018
Business Combinations [Abstract] |
Schedule of Acquisitions | Our acquisitions during the six months ended October 31, 2017 are detailed below. Six Months Ended October 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 |
500 unit - Park Place - Plymouth, MN | September 13, 2017 |  | 92,250 |  |  | 10,609 |  |  | 80,711 |  |  | 930 |
Total Property Acquisitions |  |  | $ | 153,750 |  |  | $ | 16,418 |  |  | $ | 135,621 |  |  | $ | 1,711 |
(1) | Property includes 11,477 square feet of retail space.
Schedule of Dispositions | The following table details our dispositions for the six months ended October 31, 2018 and 2017: Six Months Ended October 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 |  |
15,000 sq ft Minot 2505 16th St SW - Minot, ND | October 12, 2018 |  | 1,710 |  |  | 1,814 |  |  | (104 | ) |
|  |  | 5,535 |  |  | 4,948 |  |  | 587 |  |
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 |  |
Badger Hills Unimproved - Rochester, MN | August 29, 2018 |  | 1,400 |  |  | 1,528 |  |  | (128 | ) |
|  |  | 5,150 |  |  | 5,198 |  |  | (48 | ) |
Total Property Dispositions |  |  | $ | 52,185 |  |  | $ | 43,193 |  |  | $ | 8,992 |  |
(1) | This apartment community was owned by a joint venture entity in which we had an interest of approximately 74.11%. The joint venture was consolidated in our financial statements at October 31, 2018.
(2) | This apartment community was owned by a joint venture entity in which we had an interest of approximately 87.14%. The joint venture was consolidated in our financial statements at October 31, 2018.
(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 was consolidated in our financial statements at October 31, 2018.
Six Months Ended October 31, 2017
|  |  | (in thousands) |
Dispositions | Date Disposed |  | Sale Price |  | Book Value and Sale Cost |  | Gain/(Loss) |
Multifamily |  |  |  |  |  |  |  |
327 unit - 13 Multifamily properties - Minot, ND(1) | August 22, 2017 |  | $ | 12,263 |  |  | $ | 11,562 |  |  | $ | 701 |  |
Other |  |  |  |  |  |  |  |
4,998 sq ft Minot Southgate Wells Fargo Bank - Minot, ND | May 15, 2017 |  | 3,440 |  |  | 3,332 |  |  | 108 |  |
90,260 sq ft Lexington Commerce Center - Eagan, MN | August 22, 2017 |  | 9,000 |  |  | 3,963 |  |  | 5,037 |  |
17,640 sq ft 1440 Duckwood Medical - Eagan, MN | August 24, 2017 |  | 2,100 |  |  | 1,886 |  |  | 214 |  |
279,834 sq ft Edgewood Vista Hermantown I & II - Hermantown, MN | October 19, 2017 |  | 36,884 |  |  | 24,697 |  |  | 12,187 |  |
|  |  | 51,424 |  |  | 33,878 |  |  | 17,546 |  |
Unimproved Land |  |  |  |  |  |  |  |
Bismarck 4916 Unimproved Land - Bismarck, ND | August 8, 2017 |  | 3,175 |  |  | 3,188 |  |  | (13 | ) |
Total Property Dispositions |  |  | $ | 66,862 |  |  | $ | 48,628 |  |  | $ | 18,234 |  |
(1) | These properties include: 4th Street 4 Plex, 11th Street 3 Plex, Apartments on Main, Brooklyn Heights, Colton Heights, Fairmont, First Avenue (Apartments and Office), Pines, Southview, Summit Park, Temple (including 17 South Main Retail), Terrace Heights and Westridge.

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