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INVESTMENT ASSETS | 12 Months Ended
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Apr. 30, 2025
INVESTMENT ASSETS |
INVESTMENT ASSETS | (3) INVESTMENT ASSETS Investment assets, net consist of (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | April 30,
​ |  | 2025 |  | 2024
Land held for long-term investment | ​ | $ | 8,843 | ​ | $ | 9,200
Owned real estate leased or intended to be leased |  | ​ | 6,207 |  | ​ | 3,449
Less accumulated depreciation |  | ​ | (170) |  | ​ | (98)
Owned real estate leased or intended to be leased, net |  | ​ | 6,037 |  | ​ | 3,351
Total | ​ | $ | 14,880 | ​ | $ | 12,551
​ Land held for long-term investment represents costs for property located in areas that are not planned to be developed in the near term and that has not been offered for sale in the normal course of business. Owned real estate leased or intended to be leased represents costs for homes and buildings leased or intended to be leased to third parties. As of April 30, 2025, the Company leased twenty - one homes to residential tenants. As of April 30, 2024, the Company leased ten homes to residential tenants. Depreciation associated with owned real estate leased or intended to be leased was $115,000 for 2025 and $82,000 for 2024.

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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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