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MORTGAGE NOTES PAYABLE, BANK LINES OF CREDIT AND OTHER LOANS (Tables)
 9 Months Ended
Jul. 31, 2018
MORTGAGE NOTES PAYABLE, BANK LINES OF CREDIT AND OTHER LOANS [Abstract]  
Notes Payable
In March 2018, the Company through a wholly-owned subsidiary, purchased Tanglewood for $13.1 million (see note 2).  A portion of the purchase price was funded by issuing $11 million of unsecured promissory notes payable to the seller of the property, consisting of three tranches.  In May 2018, the short term notes tranche in the amount of $7.8 million was repaid with borrowings on the Company's Facility.  The remaining balance of the notes is included in mortgage notes payable and other loans on the Company's consolidated balance sheet at July 31, 2018.  Each tranche requires payments of interest only.  The terms of the remaining notes are detailed below:

 
Principal Amount
(in thousands)
 
Interest Rate
  
Interest
Payment Terms
Maturity Date
                   
Long Term A
 
$
1,650
   
4.91
%
(a)
Quarterly
March 29, 2030
Long Term B
  
1,513
   
5.05
%
(b)
Quarterly
March 29, 2030
  
$
3,163
               

(a)
Interest rate is variable and based on the level of the Company's dividend declared on the Company's Class A Common stock, divided by $22 per Class A Share.

(b)
Interest rate is fixed.