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REAL ESTATE INVESTMENTS
12 Months Ended
Oct. 31, 2011
REAL ESTATE INVESTMENTS [Abstract]  
REAL ESTATE INVESTMENTS
(2) REAL ESTATE INVESTMENTS

The Company's investments in real estate, net of depreciation, were composed of the following at October 31, 2011 and 2010 (in thousands):

   
Core Properties
  
Non-Core Properties
  
Unconsolidated Joint Venture
  
Mortgage Notes Receivable
  
2011
Totals
  
2010
Totals
 
Retail
 $496,098  $-  $26,384  $999  $523,481  $500,720 
Office
  7,792   -   -   -   7,792   7,799 
Industrial
  -   584   -   -   584   450 
   $503,890  $584  $26,384   $999  $531,857  $508,969 

The Company's investments at October 31, 2011 consisted of equity interests in 52 properties, which are located in various regions throughout the United States and one mortgage note receivable.  The Company's primary investment focus is neighborhood and community shopping centers located in the northeastern United States. These properties are considered core properties of the Company. The remaining properties are located outside of the northeastern United States and are considered non-core properties.  Since a significant concentration of the Company's properties are in the northeast, market changes in this region could have an effect on the Company's leasing efforts and ultimately its overall results of operations.  The following is a summary of the geographic locations of the Company's investments at October 31, 2011 and 2010 (in thousands):
 
   
2011
  
2010
 
Northeast
 $530,274  $507,429 
Midwest
  324   450 
Southwest
  1,259   1,090 
   $531,857  $508,969