XML 57 R44.htm IDEA: XBRL DOCUMENT v3.20.2
Mortgage Notes Payable (Tables)
12 Months Ended
Jan. 31, 2020
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, 2020:

 

    2020     2019  
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 $7.2 million at January 31, 2020.     4,708,979       4,824,692  
                 
Mortgage note payable, due in monthly installments of $9,218, including interest at 4.90% per year, through December 2, 2029, secured by the Albuquerque property with a carrying value of $1.6 million at January 31, 2020.   $ 1,396,690     $ -  
                 
Totals:   $ 6,105,668     $ 4,824,692