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Mortgage Notes Payable (Tables)

12 Months Ended

Jan. 31, 2019

Debt Disclosure [Abstract]

Schedule of Mortgage Notes Payable

The following table summarizes the Trust’s mortgage notes payable, net of debt discounts, as of January 31, 2019:

		2019				2018
Mortgage note payable, due in monthly installments of $28,493, including interest at 4.69% per year, through June 19, 2042, secured by the Tucson Oracle property with a carrying value of $7.6 million at January 31, 2019.			4,824,692				4,927,076
Mortgage note payable, due in monthly installments of $32,419, including interest at the prime rate plus one percentage point over the index, with a floor of 5.0% per year (5% per year as of January 31, 2015), through August 1, 2022 plus a balloon payment of $4,112,498 in September 2022, secured by the Yuma property. The Yuma property was sold on October 24, 2018.			-				4,827,259
Totals:		$	4,824,692			$	9,754,335

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- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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