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Note 7 - Sale of Partnership Interests in Tucson Hospitality Properties, LP | 6 Months Ended
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Jul. 31, 2013
Sale Of Partnership Interests In Tucson Hospitality Properties LP [Abstract] |
Sale Of Partnership Interests In Tucson Hospitality Properties LP [Text Block] | 7. SALE OF PARTNERSHIP INTERESTS IN TUCSON HOSPITALITY PROPERTIES, LP At July 31, 2013, the Partnership had sold 259 units to unrelated parties at $10,000 per unit totaling $2,590,000. As of July 31, 2013, the Partnership holds a 56.42% ownership interest in the Tucson entity, the Trust holds a 1.70% ownership interest, Mr. Wirth and his affiliates hold a 1.85% interest, and other parties hold a 40.03% interest. The Tucson entity has minimum preference payments to unrelated unit holders of $181,300, to the Trust of $7,700, to the Partnership of $255,500 and to Rare Earth of $8,400 per year payable quarterly for calendar years 2014 and 2015.

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- Definition Disclosure of sale of partnership interests in Tucson Hospitality Properties, LP. + References No definition available. + Details
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