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INVESTMENT ASSETS | 9 Months Ended
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Jan. 31, 2025
INVESTMENT ASSETS |
INVESTMENT ASSETS | (3) INVESTMENT ASSETS Investment assets, net consist of (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | January 31, |  | April 30,
​ | ​ | 2025 | ​ | 2024
Land held for long-term investment | ​ | $ | 8,879 | ​ | $ | 9,200
Owned real estate leased or intended to be leased | ​ |  | 5,781 | ​ |  | 3,449
Less accumulated depreciation | ​ | ​ | (162) | ​ | ​ | (98)
Owned real estate leased or intended to be leased, net | ​ | ​ | 5,619 | ​ | ​ | 3,351
Total | ​ | $ | 14,498 | ​ | $ | 12,551
​ Refer to Note 3 to the consolidated financial statements contained in the 2024 Form 10-K for detail regarding investment assets. As of January 31, 2025, fifteen homes were leased to residential tenants. As of April 30, 2024, ten homes were leased to residential tenants. Depreciation associated with owned real estate leased or intended to be leased was $33,000 and $64,000 for the three and nine months ended January 31, 2025 and $12,000 and $60,000 for the three and nine months ended January 31, 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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