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INVESTMENT ASSETS | 6 Months Ended
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Oct. 31, 2023
INVESTMENT ASSETS |
INVESTMENT ASSETS | (4) INVESTMENT ASSETS Investment assets, net consist of (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | October 31, |  | April 30,
​ | ​ | 2023 | ​ | 2023
Land held for long-term investment | ​ | $ | 9,118 | ​ | $ | 8,961
Owned real estate leased or intended to be leased | ​ |  | 7,746 | ​ |  | 4,802
Less accumulated depreciation | ​ | ​ | (64) | ​ | ​ | (16)
Owned real estate leased or intended to be leased, net | ​ | ​ | 7,682 | ​ | ​ | 4,786
Total | ​ | $ | 16,800 | ​ | $ | 13,747
​ As of October 31, 2023, nine homes were leased to residential tenants and two buildings were leased to commercial tenants. As of April 30, 2023, eight homes were leased to residential tenants and two buildings under construction were leased to commercial tenants. Depreciation associated with owned real estate leased or intended to be leased was $29,000 and $48,000 for the three and six months ended October 31, 2023 and there was no such depreciation for the three and six months ended October 31, 2022.

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- Definition The entire disclosure for real estate investment assets like, the value of land held for long-term investment as well as other real estate investment assets related disclosures. + References No definition available. + Details
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